Metal stocks take the blow as tariff war fears intensify
Mumbai: Metal shares tumbled on Friday, emerging as the biggest losers in the day’s trading, on heightened concerns that demand would take a hit if the ongoing tariff war between the US and China led to a sharp downturn. The Nifty Metal index plunged 6.6%-its worst day since the announcement of general election results in…
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Pre-market action: Here’s the trade setup for today’s session
Indian markets managed to close in the green for the seventh consecutive trading session on Tuesday, which suggests there is continued buying interest in domestic equities. Analysts expect the market to continue with a gradual up-move on the back of FII inflows, strong INR and positive cues from the US market. STATE OF THE MARKETS…
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Metal stocks rise up to 17% after 5 monthly declines. But trend sustainability will have to pass through Trump tariff test
Metal stocks have staged a strong comeback over the past month, rising by up to 17%, while the sector has remained a top draw for investors, outperforming the Nifty by over 10%, driven by the ongoing slide in the dollar index (DXY). However, the real test of sustainability begins now, with flat 25% tariffs on…
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