Wednesday, August 05
Shares of NALCO, Hindustan Copper and Vedanta led a sharp sell-off in metal stocks on Sunday after gold, silver and copper prices slumped, with Hindustan Copper sliding as much as 19% as a stronger U.S. dollar and profit-taking after a recent rally rattled commodity markets following U.S. President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair.Shares of Hindustan Copper fell as much as 19% to Rs 554.65 on the BSE. Shares of NALCO (National Aluminium Company Ltd) fell as much as 11.6% to Rs 340.20, while Vedanta slid as much as 10% to Rs 614.45. Hindalco Industries declined as much as 10% to Rs 866. The Nifty Metal index crashed as much as 5% to 11,218.80.Metal stocks took a heavy beating amid volatile metal prices on the global front, tracking a drop in globa
Customs duty changes announced in the Union Budget 2026–27 will lower prices for a range of essential items, including 17 cancer drugs and medicines and specialised nutrition used in the treatment of seven rare diseases, Finance Minister Nirmala Sitharaman said while presenting the Budget in Parliament on Sunday. Duties have also been reduced on microwave oven components, easing manufacturing costs.At the same time, higher basic customs duty on select imports will push up prices of certain goods, notably low-cost imported umbrellas and ATM and cash dispensing machines. Here is a snapshot of the items that are set to become cheaper — and those that will turn costlier — under the new duty structure.Here is everything that got cheaper in this year's BudgetThe Budget announced a series o
MCX shares tanked up to 15% to hit a lower circuit of Rs 2,146 on February 1, after gold and silver prices crashed 6% each, extending the selloff after their worst-ever crash on Friday. Profit-taking and a strengthening US dollar emerged as key drivers behind the sharp correction. The MCX is open for trading on Sunday in a special session as the government presents the Union Budget 2026.MCX Gold futures due April 2, 2026, were down Rs 9,140 or 6% to Rs 1,43,205 per 10 grams. Meanwhile, silver futures for March 5, 2026, delivery edged lower by Rs 17,515 or 6% to Rs 2,74,410 per kg. Any sharp correction in gold and silver directly weighs on volume visibility and near-term earnings expectations, prompting selling pressure in the stock.Earlier this month, MCX said in a circular, “On account
As investors gear up for the Union Budget, stock market investors are bracing for a careful balance between fiscal consolidation and growth‑supportive spending. Across brokerages, the core expectation is that Finance Minister Nirmala Sitharama will stick to the glide path while still pushing hard on public capex to keep the investment cycle intact.Domestic brokerages like Bajaj Broking, Motilal Oswal and Axis Direct broadly converge on three big themes: sustained infrastructure and defence spending, targeted support to housing and rural demand, and an ongoing thrust on power and renewables.“For the market, the key things to watch are the extent of fiscal consolidation, capex, and sector-level actions. Of particular interest will be capital market reforms to encourage a revival in forei
IFCI shares are expected to be in the spotlight during the special Budget trading session on Sunday, February 1, following a significant development in the capital markets. SEBI has granted a no-objection certificate (NOC) for the long-awaited IPO of the National Stock Exchange (NSE). This regulatory clearance removes a major hurdle for NSE’s listing and has a direct bearing on IFCI due to its indirect stake in the exchange.IFCI owns a 52% stake in Stock Holding Corporation of India (SHCIL), which, in turn, holds 4.4% of NSE as of the December quarter. With NSE shares currently valued at around Rs 2,150 in the unlisted market, SHCIL’s stake is estimated to be worth about Rs 23,500 crore. Through its controlling interest in SHCIL, IFCI enjoys indirect exposure to NSE, making its stock p
