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Metal stocks surge post global commodities rally; Hindalco, Vedanta up 7%


The Nifty Metal index was up over 4 percent, while stocks such as Hindustan Copper, National Aluminium, Hindalco, Vedanta, JSW Steel and Jindal Steel, among others, gained 2-12 percent.

Market Update: Metal stocks outshine as NALCO, Hindustan Copper jump 9-12%; HUL hits new 52-week high


on a positive note and was up 1.5 percent in theafternoon trade.Nifty metal index jumpedclose to 4 percent led by Hindustan Copper which zoomed over 12 percent followed by NALCO which jumped 9 percent

Market Update: CNX metal outperforms led by Hindustan Copper; TCS trades in green, Hindalco jumps 4%


was trading on a positive note and was up 0.4 percent in the morning trade.Nifty metal index jumped 2.4 percent led by Hindustan Copper which zoomed over 11 percent followed by NALCO and Vedanta which added

Prolonged closure of Tuticorin smelter plant credit negative for Vedanta: Moody's

16-04-2018| Source:PTI

"A prolonged shutdown would be credit negative for Vedanta because of the potential loss of revenue and earnings from its copper operations in India," the rating agency said in a statement.

Vedanta says Indian copper smelting plant expansion on track

12-04-2018| Source:Reuters

Vedanta said on Tuesday its application for renewal of consent to operate its copper smelting plant, one of India's biggest, was rejected by the state pollution control board.

India may turn into net importer of copper by FY20: Report

04-04-2018| Source:PTI

If domestic demand for copper grows at the current rate of 7-8 percent, the market is likely to turn into a deficit in the next couple of years.

Govt not responding to protests over Sterlite: Rajinikanth

31-03-2018| Source:PTI

Actor Rajinikanth today took a dig apparently at the the ruling AIADMK over the issue of the expansion of a copper smelter plant in Tuticorin, saying the government was not responding to the protests

Vedanta to shut copper smelter in India for about 15 days

27-03-2018| Source:Reuters

Vedanta Resources Plc said on Tuesday its India unit Vedanta Ltd's copper smelting operations at Thootukudi, in Tamil Nadu, will be closed for about 15 days as part of a maintenance shutdown.The news

Above Rs 30,900, gold may expect some more upside over short term


that level. For the next trading session we might expect some more upside momentum where any dip should be treated as an opportunity at lower levels to buy for intraday.CopperCopper prices remained

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