INDIAN STEEL MARKET
Markets record 2nd straight monthly gain in April; Sensex jumps nearly 4 pc
The BSE Sensex jumped nearly 4 per cent last month showing resilience amid recent geopolitical concerns, as return of foreign investors to the domestic market, prediction of an above-normal rainfall in the upcoming southwest monsoon and optimism surrounding a potential India-US trade deal boosted sentiment.
Indian trade deal talks moving well, much easier to negotiate with India: US Treasury Secretary Bessent
The United States and India are nearing a trade agreement. Negotiations are progressing well due to India's high tariffs. US officials see potential deals with South Korea and Japan too. Earlier, reciprocal tariffs were suspended for many countries except China and Hong Kong. US Vice President JD Vance met Prime Minister Narendra Modi to advance trade talks.
Stainless steel industry urges govt to take measures to protect domestic players
The Indian stainless steel industry is seeking government intervention through safeguard duties to combat a surge in cheap finished steel imports, primarily from China and ASEAN countries. Local manufacturers are struggling with high costs and unfair competition, threatening the 'Make in India' initiative. The industry plans to address these challenges at the upcoming Global Stainless-Steel Summit 2025.
Avoiding IT, ferrous metal stocks for potential headwinds from US: Neeraj Dewan
Neeraj Dewan is cautious about large and mid-cap IT stocks due to high valuations and potential US headwinds, anticipating profit-taking. He also avoids ferrous metals like Tata Steel due to a lack of clarity and weak rebound. Dewan suggests caution on non-ferrous metals and sees continued outperformance in defence stocks like Mazagon Dock and HAL.
Beijing will not engage in market dumping, China's ambassador to India says
Amid trade tensions with the U.S., China assures it won't flood global markets with cheap goods, focusing instead on domestic demand. Ambassador Xu Feihong's statement comes as India imposed tariffs on steel imports, fearing a surge from China. Despite past border clashes and investment restrictions, both nations are now seeking to rebuild ties and strengthen trade cooperation.
Sensex jumps 400 points, Nifty above 24,400; bank stocks among the top gainers
BSE and NSE gained sharply, supported by easing trade tensions between the U.S. and its trading partners, along with sustained foreign inflows that bolstered investor sentiment.
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These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 31%
This is an undeniable fact. Most investors who have Rs. 1 lakh to invest would prefer to buy 5,000 shares of a small-cap company rather than put the same amount in Reliance and own just 73 shares. Or a Larsen and Toubro for just 30. Most investors also want the rapid returns that small- and mid-cap stocks seem to offer. We have, of course, nothing against small- and mid-caps. Some of them may indeed do well. Though many may not. The greater probability, however, is that, in the long term and from current levels, large-caps like RIL and LT may give higher returns and see less drawdown in volatile markets.
India may need to check its high hopes on a UK visa bonanza amid FTA push
India and the UK are close to finalizing a trade agreement. Visa rules are a major discussion point. The UK will offer limited business visas to Indian workers. India wants firms to recover pension contributions for short-term visas. India also seeks exemptions from the UK's carbon border tax. Both countries aim to boost trade and economic opportunities.
Stock picks of the week: 5 stocks with consistent score improvement and an upside potential of up to 40%
Though the bulls continue to make a comeback, there is still uncertainty on the street. Some factor that no one had even thought about just a week back, may well emerge to influence stock movement. So, be bullish. But also be extra cautious. And be prepared for another bout of volatility in the market. Our selected stocks today depict a strong upward trajectory in their overall average score, which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Is this bucking a trend?
The article examines the ongoing decline of the US dollar and its potential implications for India, considering whether this decline is a deliberate strategy aligned with the Trump administration's economic goals.
Why dividend yield, ignored in bull markets, matters: 6 stocks with high dividend yield of 5-9%
Nine months back there was hardly a stock with a dividend yield matching the interest rate of a savings bank (SB) account. Today, some have yields on par with fixed deposit rates. Now, consider a different point: The subjective nature of dividend payout and capital gains. Dividend payment is not only a function of how much money a company is making, but also a habit of the management, or its intent. There are companies sitting on cash piles but with low dividend-payout ratios. Capital gain is a function of many other things, some under the control of stock market players, and some not so much so. So, better focus on an element where there is still some certainty if management has the intent. And that is dividend yield.
Steel safeguard duty to hike infra costs, hurt MSMEs
The steel safeguard duty is set to increase infrastructure costs. Construction projects may become more expensive. Micro, small, and medium enterprises will face challenges. Automobile industries will be impacted. Secondary steel producers anticipate margin improvements. Engineering exporters are already struggling with US tariffs.
Odisha govt is offering better compensation to speed up land acquisition: Hemant Sharma
The state government has identified new locations near Bhubaneswar and Jharsuguda to address the growing industrial land demand, says Hemant Sharma, Additional Chief Secretary, Industries & MSME, Odisha.
Equity investors' wealth erodes by Rs 8.88 lakh cr in two days
Investors' wealth got wiped out by Rs 8.88 lakh crore in two days of market slump due to profit-taking and growing tensions along the Indo-Pak border following the terror attack at Pahalgam in Jammu & Kashmir.
Indian firms should avoid re-routing of goods from China to US: GTRI
GTRI advises Indian exporters to avoid re-routing Chinese goods to the US to bypass tariffs, emphasizing genuine value addition and supply chain transparency. The US is imposing high tariffs on China, leading to trade strategy shifts and potential market distortions.
Smart accumulation or euphoria? Retail investors hike stakes in 363 smallcap stocks in Q4
small cap stocks: In 66 additional stocks, retail holdings increased by 1% to as much as 4.94%. Notable names among these include Dreamfolks Services, DAM Capital Advisors, EKI Energy Services, Jindal Drilling & Industries, Samhi Hotels, Aarti Pharmalabs, Hindustan Construction Company, Barbeque-Nation Hospitality, KRN Heat Exchanger and Refrigeration, and Computer Age Management Services (CAMS).
ICEMA asks govt to re-evaluate long-term implications of steel safeguard duty
The Indian Construction Equipment Manufacturers' Association (ICEMA) has voiced concerns over the 12% safeguard duty on select steel products, fearing disruption to the supply chain and increased costs. ICEMA highlights the industry's reliance on imported, specialized steel and warns of potential production delays and price hikes impacting infrastructure projects.
Steel safeguard threshold far above market rates can trigger price distortions: GTRI
A Global Trade Research Initiative (GTRI) study reveals that India's 12% safeguard duty on specific steel imports is poised to halt most imports, compelling buyers to depend on domestic suppliers. GTRI warns that Indian steel companies might exploit this policy, potentially raising prices, a trend already observed with recent price hikes.
3 stocks to benefit from provisional safeguard duty on 5 steel products: Parthiv Jhonsa
India imposed a 200-day safeguard duty of 12% on specific steel products to protect domestic manufacturers from potential dumping, following a recommendation from the DGTR. This move allows domestic mills to potentially increase prices, benefiting companies like JSW Steel, SAIL, and Tata Steel, with JSW Steel being a particularly promising option.
Sensex rises 200 points, Nifty tops 24,150 as RBI's liquidity measures defy weak global cues
Indian benchmark indices Sensex and Nifty opened flat on Tuesday, supported by the Reserve Bank of India's liquidity measures, which helped offset negative global cues stemming from U.S. President Trump's criticism of the Federal Reserve. Nifty Bank stocks experienced gains following the RBI's directive to assign a lower buffer rate on digitally accessible deposits, providing a one-year compliance window.
Five steel goods face 12% safeguard duty
India has imposed a 12% provisional safeguard duty on select steel products, effective for 200 days, to protect domestic producers from a surge in cheap imports, particularly from China. This action follows industry complaints and a recommendation by the Directorate General of Trade Remedies. The move aims to ensure fair competition and support the long-term sustainability of India's steel sector.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 30%
Why is President Trump gunning for the chair of the US Fed? Probably because he knows that his tariff war is bound to lead to inflation and he wants the US Fed to take pro-active measures, such as cutting interest rates. While that battle will continue, the question to ask is: What does a decline in US interest rates mean for us? It would mean a drop in the Dollar Index and some more money flowing to emerging markets. That’s bullish for India. So which stocks to focus on? Perhaps large-caps, as the six months of correction has brought many of them to a level where probably there is some comfort.
Nifty may hit 25,500 in two quarters, says ICICI Securities; suggests buying quality stocks on dips
ICICI Securities anticipates a Nifty recovery towards 25,500 in the next two quarters, citing easing global concerns and a potential bottom formation in the 21,900-23,800 range. The firm highlights supportive global macro indicators and attractive risk-reward in midcaps. They recommend accumulating quality stocks in sectors like Financials, PSUs, and Metals, among others.
Nifty on a strong uptrend, could aim at 24,550-24,850
The recent unfilled weekly upside gap is likely to be a bullish breakaway gap, which is normally formed at the beginning of sharp up-trended moves. The next upside target to be watched for Nifty is around 24,550 and 24,850 in next two weeks. Immediate support is at 23,500.
Issue of steel, aluminium tariff likely to figure during India, US officials' meet next week
India has raised concerns with the US regarding the renewed imposition of duties on steel and aluminum, a matter slated for discussion in upcoming trade talks. This follows a previously resolved dispute under a mutually agreed solution (MAS) at the WTO.
Recession clouds hover over US– Is India the silver lining? Arvind Sanger answers
Arvind Sanger of Geosphere Capital Management suggests that Indian equity markets may have bottomed out despite global recession concerns. He highlights India's resilient domestic economy and demand-led growth as factors contributing to its stability amidst trade tensions and policy ambiguity in the West. Sanger favors large-cap, domestic-focused, high-quality stocks in the current volatile global environment.
ArcelorMittal Nippon Steel JV draws up big new plan for India, lines up Rs 2.6 lakh crore
ArcelorMittal Nippon Steel (AM-NS) is readying a massive $30-billion investment in India over the next decade, aiming to boost steel production capacity to 40 MTPA. This expansion is fueled by a positive outlook on India's infrastructure and automobile sectors as the JV seeks to capitalise on the country's lower per capita steel consumption compared to global leaders.
Vedanta, Divi’s, Bajaj Holdings, BEL, IndiGo among top wealth creator in FY25
Vedanta led NSE 100's FY25 performance with an 87% TSR, driven by share price appreciation and dividends. Divi’s Laboratories, Bajaj Holdings, BEL, and IndiGo also delivered strong returns. Vedanta's growth was fueled by a strengthened balance sheet, production efficiencies, and progress on its demerger plan, enhancing investor confidence.
ArcelorMittal Nippon India to go green steel in a big way
ArcelorMittal Nippon Steel (AM/NS) India aims for 70% green steel production at its Hazira plant by 2027, aligning with India's green steel vision. This expansion, requiring a Rs 60,000 crore investment, targets 15.6 mtpa capacity with three-star green rating. Amidst US tariffs, calls for domestic steel industry protection are growing, with concerns about import surges.
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