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Tag: Handy metal index

Nifty Metal Tumbles After Sharp Rally; Aditya Welekar says the dip could be a buying opportunity
Stock Market

Nifty Metal Tumbles After Sharp Rally; Aditya Welekar says the dip could be a buying opportunity

The Nifty Metal Index fell sharply on Thursday as profit booking and rebalancing in global commodity markets triggered a correction after a strong rally, said Aditya Welekar, AVP, Axis Securities.According to Welekar, metal stocks had risen sharply in recent months, with valuations pricing in a near-perfect bull case scenario. “Any decline in underlying commodity prices […]

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Vedanta shares are down 4% while metal stocks are reeling from the broad sell-off. Is the dip worth buying?
Stock Market

Vedanta shares are down 4% while metal stocks are reeling from the broad sell-off. Is the dip worth buying?

Shares of Vedanta Ltd fell 4.4% to an intraday low of Rs 595 on the BSE on Thursday, tracking a sharp sell-off in the metals sector. The stock came under pressure as weakness in global and domestic commodity prices weighed on sentiment, dragging metal counters lower during the session.By 1 p.m., futures contracts for major […]

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