SAIL among other steel stocks rally up to 3% as India begins safeguard probe for steel imports
Shares of steel companies like Steel Authority of India (SAIL), Tata Steel, JSW Steel and Jindal Steel & Power rallied up to 3.2% on the BSE as India has initiated a probe into an alleged increase in imports of certain steel flat products into the country. This was followed by a complaint filed by the…
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Moderately valuedβ metal stocks shine on bourses
Metal stocks were among the top gainers in Monday’s trading session on perceived moderate valuations, and after New Delhi initiated an anti-dumping probe on Vietnamese hot-rolled coil (HRC) imports. The Nifty Metal Index gained 1.87% while the benchmark Nifty advanced 0.13% on Monday. National Aluminium surged 4.35% on Monday followed by Hindalco which gained 4%….
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