Indian equity benchmarks fluctuate, with consumer stocks down and healthcare and metal stocks up, amid market optimism and RBI policy meeting.

Markets turn volatile after strong opening, consumer stocks drag

Andhra Pradesh aims to increase revenue to ₹1,02,154 crore by 2024-25 through tax reforms and mining sector growth.

Andhra Pradesh CM Naidu stresses effective measures to shore up revenues

Shares of Vedanta, Tata Steel, NMDC, SAIL, Hindalco, Jindal Steel and JSW Steel fell up to 7% in early deals on Monday after US President Donald Trump imposed tariffs on China, Canada and Mexico, triggering a trade war, which could hamper global economic growth. Trump announced a 10% levy on imports from China. That will take effect from Tuesday. A rising US dollar also weighed on Indian metal stocks as buying raw materials and finished products from China would become more expensive for buyers. The dollar index rose over 1% to 110 , putting pressure on Indian rupee, which hit a record low of 87 in early deals today.

Vedanta, Tata Steel, Hindalco, JSW Steel shares fall up to 7% today, here’s why

Steel Authority of India stock also fell 5.64% on Monday, while Hindalco Industries Ltd. fell to a 10-month low after a near 5% decline.

Nifty Metal Falls Nearly 4% After Trump Imposes Tariffs, Vedanta Top Loser

Vedanta shares plunged 7% to Rs 410 as the US dollar hit a record high, weakening the Indian rupee and hurting metal stocks. Trump tariffs fueled market concerns, impacting Nifty Metal stocks. Vedantas Q3 earnings showed a 76% YoY profit jump, while analysts see a 22% upside with a Rs 513 target price.

Vedanta shares tumble 7% as US dollar hits record peak

Indian benchmark indices opened flat on Thursday, following subdued moves in Asian markets. The US Federal Reserve kept rates steady and offered limited guidance on further reductions in borrowing costs this year. Gains from Bajaj Finance were offset by losses in Tata Motors, which reported weak Q3 results. Wall Street equities closed lower overnight and Asian markets were muted.

Sensex rises over 300 points, Nifty tops 23,250; realty, metal stocks lead

Coal India remains Motilal Oswal’s top pick in the metals and mining sector.

Coal India Q3 Results Review: Motilal Oswal Reiterates ‘Buy’ On The Stock, Sees 28% — Here’s Why

At the recent World Economic Forum, Priya Agarwal spoke about many issues including importance of critical minerals and the future of climate action strategies.

Hindustan Zinc Chief Says Global Mining Sector Needs $1.7 Trillion For Energy Transition

At least some amount of time-wise correction can be seen here and for very-very short-term, if we see a close above 23,350, yes, we will see some more amount of short covering and that can take markets to 23,600 to 23,800. If you look at levels on Bank Nifty, strong supports are now at 48,300 for short term.

2 metal stocks CA Rudramurthy BV is bullish on for near term

While it is not always possible to do so, you should try to assign a clear “reason” for buying a stock. Because it is this reason that determines the amount of money to be invested, and also for how long you hold that stock. Why are we mentioning this at this point? Because talking about metal stocks may today appear like being contrarian. At a time when the world is talking about what US president Trump could do when it comes to China, picking metal stocks, whose fortunes are dependent on what happens in the Chinese economy, is being contrarian. So, yes it will be a contrarian trade. But there is logic to it.

Being contrarian comes with its own risk, but sometimes it is better to be contrarian: 5 metal stocks with an upside potential of up to 48%

Karnataka Governor Thawar Chand Gehlot returns a bill proposing new taxes on mineral rights and mineral-bearing land, seeking clarifications amid opposition from the mining industry and Union minister HD Kumaraswamy. The Congress regime is considering how to address the governor’s concerns as the Raj Bhavans action impacts the already approved bill.

K’taka Guv returns bill on mineral tax, seeks clarification from Govt

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).