Gold Silver Reports (GSR) – Hindalco, NALCO, Vedanta Slump As Aluminium Price Falls Most Since 2010 – Shares of Hindalco, Vedanta and NALCO fell as much as 9 percent after aluminium slumped 7 percent on London Metal Exchange, the most since 2010, following softening of the U.S. government’s stance on Russian sanctions.
Hindalco, NALCO Gain After U.S. Sanctions On Russian Tycoons Shares of Hindalco and NALCO rose as much as 5.2 percent on speculation that supply may be disrupted after the U.S. imposed sanctions against Russian oligarchs including Oleg Deripaska and his United Co. Rusal.
Gold Silver Reports (GSR) – Nine out of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index’s 1.7 percent gain. On the flipside, Nifty PSU Bank index was the top sectoral loser, down 0.12 percent.