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

Metal Power Analytical specializes in designing and manufacturing cutting-edge analytical instruments and solutions for the metal industry, addressing diverse needs with precision and innovation.

Have shown India can design, manufacture high-tech scientific instruments: Metal Power Analytical’s Mukund Pant

The metals & mining giant recently announced revisions to its previously proposed demerger scheme. It has decided to retain its base metals business within Vedanta.

Vedanta shares rise 2%; shareholder, creditor meet on Tuesday, February 18

Sensex, Nifty updates on 14 January 2025: Indian equity benchmarks recovered on Tuesday, with the Nifty 50 rising 0.39% to 23,176.05 and the BSE Sensex gaining 0.22% to 76,499.63, following Monday’s plunge to seven-month lows. Financials and metals led the rebound, with HDFC Bank and SBI rising 1% and 2.6%, respectively, and metal stocks gaining 4% after a week-long slump.

Share Market Highlights 14 January 2025: Sensex, Nifty see modest gains as financials recover

Indian frontline indices continued their losing streak for the fourth session in a row with massive selling pressure across the market breadth. Realty and metal stocks were the biggest losers while banks, auto and IT counters added to the pressure. As the S&P BSE Sensex settled at 76,330.01, plunging by 1048.90 points or 1.36%, the broader Nifty joined forces too, closing at 23,085.95, lower by 345.55 points or 1.47%.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that bears remained at the helm on Monday as the Nifty continued to breach crucial levels. “The index slipped below its previous swing low on the daily chart, indicating increasing bearishness. However, it held the 23,000 mark, which remains a key level to watch. If the Nifty sustains above 23,000 over the next few days, it could signal a potential recovery. Conversely, a decisive fall below this level might trigger a deeper correction,” De said.Here are 5 stock recommendations for Tuesday: Stock Ideas

Market Trading Guide: JK Cement, Kotak Bank are among 5 stock recommendations for Tuesday - Stock Ideas

Analysts recommend PNB Housing Finance, Hyundai Motor, LIC, and Coal India stocks for their significant growth potential. PNB Housing potentially offers a 78% increase due to strong fundamentals, while Hyundai and LIC present considerable returns. Coal India is seen as top pick within metals and mining, driven by power demand and attractive valuations.

Hot Stocks: 4 stocks that may give returns between 20-78%

Metal stocks are under focus as Q3FY25 earnings approach, with brokerages recommending select picks. Non-ferrous companies like NALCO, NMDC, and Hindalco are favored for strong margins. Steel companies, including JSPL and Tata Steel, face mixed profitability outlooks. Nomura expects price hikes and lower costs to aid non-ferrous companies, while steel faces pressure from lower prices.

Metal sector Q3FY25 earnings to be a mixed bag. Vedanta, Coal India among 8 top brokerage buys

Union Steel Minister H D Kumaraswamy has stated that additional taxes by Karnataka on mining operations will negatively impact the steel and mining sector. He mentioned this during a meeting with Union Law Minister Arjun Ram Meghwal. These taxes are three times higher than those in other parts of the country.

Steel Minister Kumaraswamy red flags high mineral tax by Karnataka government

Parmeshwar Metal IPO was open for subscription between Jan. 2 and Jan. 6.

Parmeshwar Metal Shares List At Nearly 40% Premium On BSE SME

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).