METALS
Vedanta puts in more than Rs 12,500 cr to boost metal manufacturing for EV sector
Vedanta Ltd has invested over Rs 12,500 crore to enhance metal production. This move supports India's expanding electric vehicle industry. The company is increasing capacity across its aluminium smelter. It is also boosting aluminium value-added products. A zinc alloy plant is being set up along with roaster for zinc production. Ferrochrome capacity augmentation is also underway.
Gold price hits fresh record; jobs data among key factors behind rally
Gold prices soared to a record high of $3,636.69 an ounce on Monday, driven by soft U.S. labor data fueling expectations of a Federal Reserve interest rate cut. The anticipation of lower rates, coupled with a weaker dollar and strong central bank buying, particularly from China, has propelled gold's impressive gains this year. Investors are now closely watching upcoming U.S.
Gold falls Rs 200 to Rs 1,07,670/10 g, silver declines Rs 1,000 in Delhi markets
Gold prices on Monday retreated from record levels to trade at Rs 1,07,670 per 10 grams, down by Rs 200, in the national capital due to fresh selling by stockists, according to the All India Sarafa Association.
Gold rate today: Latest 22k jewellery prices at Tanishq, Malabar Gold and Diamonds, Joyalukkas & Kalyan Jewellers
Gold prices are climbing to new record highs, driven by tariff concerns and growing expectations of a US Fed rate cut on September 17, 2025. In India, gold holds deep cultural significance, and demand often rises during festivals despite higher prices. Here’s a look at the latest 22K gold rates in Mumbai, Delhi, Bangalore, and Ahmedabad from leading jewellers.
Market Wrap: Auto, metal stocks lift Sensex up 76 points, Nifty above 24,770 on GST relief, Fed rate cut bets
Indian benchmark indices Sensex and Nifty closed in the green on Monday, lifted by auto and metal shares, as optimism over sweeping GST tax cuts and China’s steel reforms supported sentiment alongside expectations of a Federal Reserve rate cut this month.
Tata Steel shares jump 3% to hit fresh 52-week high on strong sector tailwinds, brokerage optimism
Tata Steel shares surged to their 52-week high on Monday, banking on strong sector tailwinds, including India’s extended safeguard duty, China’s production curbs, and positive brokerage views. Morgan Stanley upgraded the stock to Overweight with a Rs 200 target, citing favourable demand and pricing trends.
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Krupalu Metals IPO opens for subscription. GMP among key details to know before subscription
Krupalu Metals, a brass and copper product manufacturer based in Jamnagar, launched its IPO on Monday, aiming to raise Rs 13.48 crore. The IPO, offered at Rs 72 per share, closes on Thursday and will list on the BSE SME platform on September 16. Funds will be used for expansion and working capital.
Nifty failed to live up to GST 2.0 hype. Will this week offer a redemption?
Indian equities kicked off last week on a high, with the GST Council’s sweeping tax cuts sparking hopes of a broad rally. However, the rally fizzled out as quickly as it started. By Friday, the Nifty gave up much of its early gains.
Silver prices breaking barriers: Next Rs 1.5 lakh/kg the next stop for white metal?
Silver has staged a sharp rally this year, with prices on MCX recently touching Rs 1,25,000 per kg, climbing from around Rs 97,000 in February 2025. The surge has been driven by a mix of global momentum, industrial demand, and tightening supply.
Yamaha R15 gets a fresh look: Check price and features here
Yamaha India Motor has introduced new color schemes for its R15 range, including the R15M, R15 V4, and R15S, as part of its 2025 upgrade under the 'The Call of the Blue' campaign. The R15M gets a Metallic Grey finish, while the R15 V4 now comes in Metallic Black and a Matte Pearl White.
Metals, hospitality in focus as GST cuts reshape market themes, cautious on NBFCs: Ashish Chaturmohta
The recent GST rate cuts have sparked a rally across consumption-linked sectors, with NBFCs, metals, hospitality and cement stocks emerging as key talking points for investors.
Putin orders government to provide plan to develop rare earths by November
President Vladimir Putin has instructed the Russian government to formulate a rare earth metals development program, with a deadline set for November. Speaking at the Eastern Economic Forum in Vladivostok, Putin emphasized Russia's intention to leverage its substantial rare earth reserves, the world's fifth-largest, to enhance domestic production.
Tata Steel shares slip as investors book profit after 6% rally
Tata Steel shares experienced a slight dip of 0.50% to Rs 167 on Thursday, following a strong 6% surge. This pullback occurs amidst ongoing optimism in the metal sector, fueled by anticipated firmer global steel prices due to China's planned production cuts and India's tariff protections.
Sharvaya Metals IPO opens for bidding; GMP at 11%. Check issue size, price band, and other key details
Sharvaya Metals launched its IPO today, aiming to raise Rs 58.80 crores through a mix of fresh issue and offer for sale. The IPO, priced between Rs 192 and Rs 196 per share, closes on September 9 and will be listed on BSE SME. Funds will be used for working capital, new plant and machinery, and civil construction.
Anand Tandon warns tariffs may weigh on growth, stays bearish on consumption
Metal stocks like Tata Steel and Hindalco are performing well. This is due to tariff protection and supply issues in China. The tourism sector is also in focus because of GST changes. TBO Tek is gaining attention after acquisitions. However, analyst Anand Tandon is cautious. He believes tariffs could negatively impact India's economic growth. He expects a slowdown in consumption.
Metal stocks surge as CLSA predicts recovery amid China's steel capacity cuts
Metal stocks saw gains on Wednesday. CLSA suggests the sector's downturn might be ending. China's planned steel capacity reduction could boost Indian metal companies' profits. Tata Steel and Jindal Steel experienced significant surges. Analysts predict further upsides for metal stocks. The Nifty Metal Index outperformed the benchmark Nifty. Experts highlight potential for sustained rally with demand recovery.
Sharvaya Metals raises Rs 17 crore from anchor investors ahead of IPO launch
Sharvaya Metals has secured Rs 17 crore from anchor investors, including NAV Capital and Craft Emerging Market Fund, ahead of its Rs 59-crore IPO opening on September 4. The IPO includes a fresh issue and offer for sale, with proceeds allocated to capital expenditure, working capital, and general corporate purposes.
Gold still leading the rally; silver to deliver stronger gains over long term: Jonathan Barratt
Gold hit record highs and silver reached decade peaks as safe-haven demand surged. Experts see gold holding above $3,600, while silver could climb to $50 on industrial demand. Copper also gained 12% YTD, with potential upside from US rate cuts and Chinese stimulus supporting broader metals momentum.
Market Snapshot: Range-bound trading continues as metals shine amid global cues
Indian equity markets displayed a range-bound trade today, with Bank Nifty managing to remain in the green despite recent volatility. Investors are weighing news developments alongside technical trends, trying to gauge whether short-term headlines will steer the market or if chart trajectories will dictate the next move.
Sensex rises 410 pts, Nifty50 tops 24,700 as banks, metal stocks advance
Indian markets closed higher on Wednesday, driven by banking and metal stocks, as investors anticipated GST Council updates regarding potential rate cuts. The Nifty rose by 0.55%, and the Sensex increased by 0.51%. Metal stocks surged, led by Tata Steel, while the IT index lagged due to concerns over U.S. manufacturing data.
Tata Steel and other metal stocks rally up to 6% on China capacity curbs, policy support
Metal stocks rallied on Wednesday with Tata Steel up 6%, as China’s production curbs and India’s tariff protection boosted sentiment. The Nifty Metal index rose 2.5%, led by Tata Steel, Jindal Steel, SAIL, and JSW Steel, with analysts seeing firmer steel prices ahead.
GST, tariffs, and market moves: Manishi Raychaudhuri decodes what investors should watch out for
India’s GST meeting may cut tax slabs on discretionary items, potentially boosting consumption if benefits reach consumers. Global trade tensions, especially U.S. tariffs, pressure exporters, while rising bond yields reflect inflation concerns. Precious metals remain safe-haven favorites amid geopolitical risks, keeping investors cautious yet opportunistic.
HZL plans to produce up to 4 new metals by 2030: CEO
Hindustan Zinc plans to diversify its product portfolio by 2030, incorporating critical minerals like neodymium, tungsten, and potash. The company, already a dominant player in zinc, lead, and silver, aims to leverage its deep mining expertise to extract these difficult-to-mine resources.
Gold touches record high above $3,500 amid anticipation of US interest rate cut
Gold prices briefly surged to a record high, exceeding $3,508 an ounce, driven by anticipation of US interest-rate cuts and anxieties surrounding the Federal Reserve's future. This rally, fueled by expectations of a subdued labor market and subsequent rate reductions, has significantly boosted gold's appeal as a haven asset.
The spirit of metal carries on as Dream Theater is set to return to India after nine years — details inside
Dream Theater, the progressive metal icons, are set to electrify India in 2026 as part of their 40th-anniversary tour. Bengaluru and Kolkata will host the band, with Kolkata marking a first-time performance. The Asia tour commences in India, promising fans an unforgettable experience of their intricate compositions and high-energy performances.
Metals outperform peers; technical charts point to strength ahead
The Nifty crossed the 24,700 mark in early trade, but the Bank Nifty lagged, managing to stay just about in the green. Market experts, however, remain confident that the banking index will soon join the rally.
Markets look to GST cuts for boost; consumption, auto and metals stocks in focus: Deven Choksey
Deven Choksey expects GST cuts to spark a demand revival across FMCG, autos, and manufacturing, with metals, power distribution, defence, sugar, and PSUs also offering selective opportunities. He sees pent-up demand reflecting from the September quarter.
Why asset allocation matters: Investors chase equities, but biggest gains were elsewhere
Indian investors continue pouring record inflows into equities despite the Nifty 50 slipping 2.9% in the past year. Meanwhile, gold and silver have surged over 46%, emerging as top-performing assets. Yet, precious metals remain under-owned in portfolios, highlighting the importance of diversification and asset allocation for stability and returns.
Lloyds Metals and Energy commissions 360 KTPA sponge iron plant at Ghugus in Maharashtra
Lloyds Metals and Energy Limited commissioned its 360 KTPA sponge iron plant in Ghugus, Maharashtra, within 18 months of receiving environmental clearance. The plant, which has been executed by Lloyds Engineering Works, increases LMEL's total sponge iron capacity to 700 KTPA. The facility will support captive utilisation of mined iron ore and strengthen LMEL's integrated steel-making value chain.
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