The benchmark indices shed around a percent of gains on April 9 amid uncertainty over the Iran ceasefire, after an 8 percent rally in the previous four sessions. Market breadth turned slightly negative, with about 1,596 declining shares against 1,376 advancing shares on the NSE. Range-bound trading may continue until the market convincingly surpasses Wednesday's high. Below are some short-term tra...

Equity benchmarks got caught in a bear trap after a day of bullish momentum, with the Nifty 50 falling 1.63 percent on March 11 amid the ongoing US–Iran conflict. Market breadth turned weak, with 1,740 declining shares against 1,197 advancing shares on the NSE. The market may remain range-bound with a negative bias until it closes above Monday's bearish gap. Below are some short-term trading ide...

Shares of National Aluminium Company declined by 2.12% to Rs 341.90 at 10:45 am. This marks a notable movement for the stock, which is a constituent of the NIFTY MIDCAP 150 index.Financial Performance:National Aluminium Company's consolidated financial performance shows the following trends:* Revenue: The company's annual revenue has increased from Rs 8,955.79 Crore in 2021 to Rs 16,787.63 Crore i...

Aluminium prices on the London Metal Exchange (LME) are now in the range of $2,350-2,450 per tonne, after plummeting from the high of $3,877.50 in March amid muted global demand.A series of lockdowns in China have weighed heavily on demand more than supply as the country is a key consumer of metals. Analysts at Kotak Institutional Equities said that demand in China contracted by 5.9% year-on-year ...

Hindalco Industries Ltd’s shares have declined by 2% on NSE over the last week as the prices of aluminium on the London Metal Exchange (LME) softened from the peak observed on 4 March and fell by 3% in the past week.Even so, aluminium prices on the LME have increased by 19% in CY22 so far (till 17 March). There are primarily two factors which are causing the increase in aluminium prices. One, th...