The key equity indices traded in a narrow range with heavy losses in the afternoon trade. The Nifty traded below the 17,600 level. Metal stocks drop for fourth consecutive session.

Nifty some points above 17,500 mark; NSE VIX up over 20%

Top-5 sectors with FII outflows include financials, IT, energy, discretionary consumption and telecom

FPIs buying metal stocks while selling IT, financials

Metal stocks were trading in the positive zone, with the S&P BSE Metal index rising 103.72 points or 0.48% at 21524.63 at 09:47 IST.

Metal shares gain

Over half of the stocks in Nifty Metal Index are trading with a bullish sentiment ahead of Budget 2023,

Metals eye up to 15% gain amid China reopening, likely capex push in Budget

This time around, metal stocks have generally been on the positive side in the last month. So, there is a 60% chance that we are going to see a positive move post the Union Budget. The power sector has been witnessing profit booking since September, pulled down majorly by institutional activity. Ins…

Traders can deploy long butterfly strategy ahead of Budget; keep an eye on metal stocks: Anand James

FPIs have emerged as big sellers in stocks of financials, IT, and telecom baskets. While metals and mining are among the favorites. FPIs’ selloff is likely due to their positioning in cheaper markets in Asia and hence pullback in expensive Indian equities.

FPIs outflow over ₹15,200 cr in Indian equities; sells big in these stocks

In this edition of The Week on Dalal Street, CNBC Awaaz’s Anuj Singhal shares his views on Q3 FY23 earnings, metal stocks, capital gains tax and what’s holding bulls and bears ahead of the upcoming Union Budget 2023.

The Week on Dalal Street: Weekly wrap of market trends, stock moves & what to look out for!

ICICI Securities has maintained its cautious view on the ferrous space with metal stocks JSPL and Shyam Metalics as its top picks

Metal stocks to buy/sell/hold: JSPL, Shyam Metalics among ICICI Sec’s top picks

The Vedanta’s board approved the sale of Zinc International assets held by THL Zinc Ventures Ltd (Mauritius) (THLZV), a direct wholly-owned subsidiary of the metals and mining major.

Vedanta to sell its international zinc business to Hindustan Zinc: Report

Stocks to watch today: Metals and mining major Vedanta will acquire debt-laden power plant Meenakshi Energy for Rs 1,440 crore

Stocks to Watch: Adani Ent, IndusInd Bank, Coal India, HUL, Asian Paints

Metal sector: Earnings may bottom out during Oct-Dec quarter, say analysts

Q3 preview: Metal firms’ sales likely to flatten, profits may plunge

NIFTY Metal Index is designed to reflect the behaviour and performance of the Metals sector (including mining). The NIFTY Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE).

Nifty Metal Index

News & Opinions