SAIL, NMDC are down up to 9% in 1 month; is it time to buy steel stocks?

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.

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Focus Stocks: Titan, Tata Steel, Adani Ports, Fortis, United Spirits

Gold Silver Reports (GSR) – Focus Stocks: Titan, Tata Steel, Adani Ports, Fortis, United Spirits — Indian equity benchmarks declined for second straight day as June derivative contracts expired….. Rupee (₹) declining to a record low coupled with escalating global trade tensions added to the negative sentiment.                

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Stocks To Watch: RCom, Hindalco, ITC, JSW Steel, Tata Steel

Gold Silver Reports (GSR) – Stocks To Watch: RCom, Hindalco, ITC, JSW Steel, Tata Steel – Indian equity benchmarks edged lower after the Bharatiya Janata Party’s lead diminished from the halfway mark while Congress struck a post-poll alliance with the Janata Dal (Secular) in Karnataka. The S&P BSE Sensex ended little changed at 35,543.94 and the NSE Nifty 50 index closed at 10,802.        

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Stocks To Watch: Axis Bank, Thermax, Gati, IEX

Gold Silver Reports (GSR) – Stocks To Watch: Axis Bank, Thermax, Gati, IEX — The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.5 percent to 10,664.50 as of 7:15 a.m. Asian stocks climbed as the latest bout of earnings results buoyed sentiment in the technology sector and traders monitored a historic meeting between the leaders of North and South Korea.                           

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