Basic Materials

Basic Materials news section.
Robot
18.Mar.24 1:17 PM

Indian Steel Stocks Surge on China's Muted Production, Robust Demand

Indian steel stocks surged on Monday, with major companies such as Tata Steel, Jindal Steel, and SAIL witnessing significant gains. This uptick was primarily driven by muted steel production data from China, which has created an opportunity for domestic steel companies to increase their market share.
Robot
18.Mar.24 11:15 AM

Anup Engineering's Stock Surges 15% on BSE After Announcing Maiden Bonus Issue

Anup Engineering's stock on BSE jumped 15% following the company's announcement of a board meeting to consider a maiden bonus issue. The industrial products firm has seen significant growth in its stock price during the financial year 2023-24 and reported substantial profit growth in the first nine months of the fiscal year.
Robot
16.Mar.24 2:41 PM

China's Copper Imports Rise Amidst Mixed Market Signals

China's unwrought copper imports rose 2.6% in the first two months of 2024 due to improved domestic demand, but growth was limited by high inventories and increased domestic output. Despite expectations of increased consumption from mid-March, analysts predict subdued demand due to the slowdown in the property market.
Robot
16.Mar.24 8:20 AM

Gold Prices Dip in India, US Prices Steady Amidst Interest Rate Cut Speculation

On Saturday, the price of 24-carat gold in India dipped slightly to Rs 66,100 per ten grams, while silver fell by Rs 100 to Rs 76,900 per kilogram. In international markets, US gold prices held steady, anticipating their first weekly decline in four weeks due to adjusted expectations for a US interest rate cut.
Robot
16.Mar.24 5:25 AM

A Comprehensive Sectoral Analysis of Electoral Bond Data

An analysis of electoral bond data released by the Election Commission has revealed that nearly 100 listed companies across 32 sectors have made substantial contributions to political parties. The top five sectors, including pharmaceuticals, mining and mineral products, steel, telecommunications services, and cement, accounted for over 60% of the total donations.