GAGA Share Market News

[hfe_template id='11223'] [ad_1] 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 June 2024. Hindustan Copper was the top loser on the index, falling 8.9%. National Aluminium Company (Nalco), Tata Steel, Vedanta and Hindalco, all down over 8%. "The major worry for the metals sector is a global slowdown in trade post the implementation of these tariffs, which can bring down the demand for industrial goods, including metals," said Apurva Sheth, head of research at Samco Securities. Agencies Sheth said if the US enters a recession, there may be a slowdown in demand in India as well, which can hurt this sector. Live Events The US imposed tariffs of 26% on Indian imports on Tuesday.The import...

[hfe_template id='11223'] [ad_1] 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 steel and aluminum, imposed by US President Donald Trump "without exceptions or exemptions," set to take effect on Wednesday, March 12. On Tuesday, the Nifty Metal index fell 1.5% in early trade, hitting the day's low of 8,715.15. Individually, stocks fell over 3%, with the sharpest declines seen in NMDC, Hindustan Copper, and Steel Authority of India (SAIL). Trump's ever-shifting tariff policies have created uncertainty, said Prathamesh Mallya, DVP-Research, Non-Agri Commodities and Currencies at Angel One. Although the steel and aluminum tariffs are scheduled to take effect on March 12, he has postponed the new 25...

[hfe_template id='11223'] [ad_1] 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%. Hindustan Copper, Vedanta, Jindal Stainless Steel and Tata Steel rose over 3% each while Steel Authority of India and Jindal Steel & Power moved up over 2%. Analysts said that after the recent correction in metal stocks, the valuations have come off, however, they remain cautious on the sector due to challenges posed by Chinese imports. "Metal stocks have corrected 15-20% from recent peaks which has made sector valuations relatively attractive although not very cheap," said Tushar Chaudhuri, Research Analyst, Prabhudas Liladher. Metal Stocks “The recent news suc...