Group items tagged

Shares of Metal companies were moving in bearish mode during the mid-session, as part of market volatility. Among the 11 sectoral Nifty indices, metal stocks, as well as the Nifty IT index were falling over 1% each.

Currently, the global stainless steel industry is going through difficult times, as prices of raw materials are increasing on one hand, and at the same time demand has been on a declining trend. Profitability of both manufacturers and traders of pipes and plate products have reduced significantly compared to the past two years. I have been speaking to many traders of pipes, plates and fittings about their business conditions and the most common answer I get is "Current business is even worse than what we experienced in the recession of 2008". It is not just the case with European or US manufacturers of stainless steel products, the effects of declining demand is being even faced by Chinese and Asian manufacturers. Nickel and ferro chrome prices are the driving factor for determining prices of stainless steel products. While, Nickel prices on the London Metal Exchange have been very volatile, ferro chrome prices have been recently increased by 12.5% by miners across economies. On account of an increase in ferro chrome prices, some manufacturers have already announced an increase in prices, while others are planning to increase the prices. Stockholders and buyers of products such as stainless steel sheets, plates, pipes, bars, fittings and flanges have been become highly risk averse and cautious while placing purchase orders with mills, especially in case of Asian stock holders who import these products from Chinese or Indian mills. The global speculation activity in metals has had a major impact on the buying patterns of consumers in Asian economies. Going forward, we expect the market to remain lack luster, with buyers staying on the back seat and purchasing in smaller quantities, to avoid major losses due to fluctuations in prices of Nickel and other raw materials. Although prices in the Indian market have remained stable, but selling big quantities of stainless steel plates, pipes and fittings has become difficult because of the risk averse attitude of traders

Concerns of a slowdown in the Chinese economy led to a selloff in major base metals including copper, aluminium and nickel. Even precious metals such as gold and silver were not spared. The key question is who to trust at times when gold is also on a freefall. This week global financial markets started with another round of selling, as investors turned risk averse following disappointing Chinese economic data. The Chinese Economy grew 7.7% during the first quarter of 2013, compared to the same period last year, missing economists' expectations of 8% growth. Growth also slowed compared to the last quarter of 2012, when it stood at 7.9%, raising expectations of a slowdown in the Chinese economy, which is a bearish signal for the global financial markets, especially base metals. Growth in Chinese industrial production also disappointed, with a reading of year on year growth of 8.9% in March compared to a 9.9% growth recorded in the previous month. Markets were expecting a growth of 10.0 year on year. Traders had expected China to post better results, as consumer spending had improved and Chinese government had also infused liquidity in the domestic financial system to aid growth. We expect the Chinese government to avoid a monetary tightening policy to aid growth in the coming months. Nickel prices were trading at around USD 15,500 / metric ton down around USD350 compared to the closing on Friday. The fall in nickel prices and weak Chinese economic data has come as a surprise to many stainless steel users and stockholders in emerging economies, as they had made material bookings for stainless steel seamless pipes, Stainless Steel Pipe Fittings and stainless steel strips in the last week,. They had anticipated Nickel prices of USD16000 / metric ton as bottom pric

Best Metal Stocks in India in 2024 (as per Market Capitalization) are: 1. Hindustan Zinc Ltd, 2.NMDC Ltd, 3.Vedanta Ltd, 4.Hindalco Industries Ltd, 5. Tata Steel, 6. Jindal Steel & Power Ltd

Best Metal Stocks in India in 2024 (as per Market Capitalization) are: 1. Hindustan Zinc Ltd, 2.NMDC Ltd, 3.Vedanta Ltd, 4.Hindalco Industries Ltd, 5. Tata Steel, 6. Jindal Steel & Power Ltd

National Aluminium Company Ltd National Aluminium Company Limited (NALCO) is a Navratna Central Public Sector Enterprise (CPSE) under Ministry of Mines Government of India. The Company is a Group `A' CPSE having integrated and diversified operations in mining metal and power. Presently Government of India holds 51.50% stake in NALCO. The Company is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Co. Duration = 3 Months Target Price = 100 INR RecommendationPrice = 75 - 80 INR Click on the link to open your Demat account and start trading

National Aluminium Company Stock Analysis || National Aluminium Company Stock News #shorts #stocks - YouTube

Markets closed higher on the second consecutive day on Tuesday, led by stocks rally in auto and Metal gauges.

News of a potential US strategic reserve for rare earth metals, driven by China's attempts to manipulate the market, have driven up shares of several rare earth miners.

Business Analyst Trade4Target - Delhi Trade4Target ADVISOR- Delhi We are Trade4Target investment ADVISOR., a leading growth oriented and client focused organization. Our aim is to grow with our clients by providing well analyzed solutions to their investments; we are Stock and Commodity market tips provider. Trade4Target Investment Advisor have expert analyst with experience in capital market research. We provide recommendations for stocks, future and option (F&O),currency traded in NSE and BSE, commodities including bullion, Agri and metals traded in MCX and NCDEX Markets. BUSINESS ANALYST Job Description: - 1. Convert Leads to Client (Telephonic). 2. Communicate to clients the products & services of company. 3. Will generate the business as per target assigned by reporting authority. 4. Follow-up with clients for updating products and services. 5. Customer Relationship Management (CRM). 6. Identify business opportunities and analyzing sales options. 7. Assisting in implementing the sales strategy as set by the Senior Manager. 8. Generate Revenue. 9. Responsible for the Business Development. 10. Maintain relationships with clients by providing support, information, guidance and recommendation. Skills Required: Candidate must have minimum 0 month to 6 Months experience in Stock, Commodity Advisory. Good Convincing power. Excellent verbal and written communication Candidate must be Persevere with positive attitide. Good Confidence Level. Qualification - BE, B Tech or MBA Salary Range -2.2 - 2.7 lakh CTC. Walk-in for an interview SATURDAY between 10 AM to 4 PM Joining Time-Immediate or up to 15 days.

Indian stocks closed lower on Monday led by losses in pharma, metal and Energy stocks. The benchmarks came out with selling after the Central Bank in its October monetary policy slashed FY20 GDP growth forecast to 6.1-pc from 6.9-pc earlier.

Mid-session stock Check: Headline indices trimmed some morning gains with the Sensex recorded 0.2% to 40,245 as of noon and the NSE Nifty50 rose 0.25% to 11,920 at 12.45-pm.

Investors flooded precious metals and manufacturing equipment makers in trading after Caterpillar's impressive earnings report and guidance painted a rosy picture for 2012.

The latest manufacturing data fell short of expectations and negatively impacted shares of industrial metals miners. Ongoing worry over the Greek banking crisis also struck the sector.

Get all information on the Global Metals Exploration NL stock quote including news, historical charts and realtime price.

The market remained strong in morning trade with the Sensex surging 281.73 points or 1.07 percent to 26528.52 and the Nifty climbing 84.10 points or 1.07 percent to 7926.80 supported by broadbased buying. Market expert Ambareesh Baliga sees 7,800-7,750 as good support level for the Nifty. In an interview with CNBC-TV18, he said Nifty is unlikely to go much beyond 8,000 levels. He remains positive on cyclicals and expects them to become more attractive post any market correction. According to Baliga, the next leg of market rally will be led by cyclicals. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1544 to 380 on the Bombay Stock Exchange. The BSE Capital Goods, Realty, Metal, Banks, Healthcare, Power and Oil & Gas indices gained 1-1.7 percent. Hindalco and BHEL kept their top positions in the buying list, up 4.8 percent and 3.5 percent, respectively. Dr Reddy's Labs, Cipla, HDFC, Bank of Baroda, Ambuja Cements and PNB surged 2-2.6 percent. However, NTPC and Bajaj Auto were only losers in the Sensex 30 stocks.

Sensex, Nifty indices, after having risen in the morning session, closed lower pulled by metal stocks. Further, US-China trade concerns on the global market added to the investor's sentiments.

Benchmark indices of the stock market closed marginally higher on Wednesday with Nifty ending at 10,840-level.

The National Stock exchange (NSE) and the Bombay Stock Exchange (BSE) as well as the wholesale & commodity markets, commodity futures, metals and bullion, and the forex markets will not conduct any kind of trading on Tuesday, 8 October, as India observes Dussehra (Vijayadashmi) festival.

Markets recovered from the morning losses and the index picked up with gains in banking, Financial, auto and FMCG and metal stocks.

The market opened lower in early trade on Friday and quickly went up higher led by banking, financial Metal, auto, and energy stocks across sectors.