Steel stocks have been reeling under severe pricing pressures, led by cheaper imports. Over the past one month, stock prices of steel companies have declined up to 9 per cent on the National Stock Exchange (NSE). Investors, however, may use the correction to enter the pack as pricing pressure may be bottoming out, believe analysts.
NMDC
SGX Nifty Indicates Gains; BPCL, NMDC, Crompton Consumer In Focus
SGX Nifty Indicates Gains : Indian equities gained for the sixth straight day on Monday, registering new highs in the process. The S&P BSE Sensex closed above the mark of 51,000 while the NSE Nifty 50 index closed above the 15,000 mark for the first time ever.
Stocks To Watch: Bandhan Bank, Cipla, IDFC Bank, Mindtree, NMDC
Gold Silver Reports (GSR) – Stocks To Watch: Bandhan Bank, Cipla, IDFC Bank, Mindtree, NMDC — Stocks in Asia followed their U.S. counterparts higher on signs that an escalation of trade tensions was beginning to ease.
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.2 percent at 10,174.50 as of 7:20 a.m.
NMDC Falls As Iron Ore Prices Fall In International Markets
NMDC Falls As Iron Ore Prices Fall In International Markets — Shares of the Hyderabad-based government-owned mineral development firm fell as much as 6.18 percent to Rs 118.50 as prices of iron ore fell in international markets.