Stocks in FocusLet's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:Results TodayHyundai Motor India, FSN E-Commerce Ventures Nykaa, Zydus Lifesciences, Bosch, General Insurance Corporation of India, Ashoka Buildcon, Cello World, CESC, Diffu...

The benchmark indices closed nearly a percent higher after a strong recovery in the later part of the session on November 5, with favorable market breadth. About 1,618 shares gained, against 866 falling shares on the NSE. The trend is likely to be in favor of bulls, but the index needs to hold above all key moving averages for a sustainable rally. Below are some trading ideas for the near term:Ash...

NMDC has cut iron ore prices, too aggressively, ~40% in the past three months post increase in export duty, to export parity level. We believe domestic prices have bottomed out and should recover with demand from 2HFY23E. We see limited downside to seaborne prices as well, despite weak demand in China, due to cost support. The steel plant demerger and listing are likely to conclude in Q3FY23E and...

State-owned iron ore miner NMDC on Tuesday reduced iron ore prices by Rs 500 per tonne each for both lump and fines varieties on subdued demand from the steel industry.The decision to prune the price comes on the back of a 40?cline in sales for the country’s largest iron ore producer in June to just 1.9 million tonne (mt) compared with 3.18 mt in the same month last fiscal. For the first quarter...

State-run iron ore miner NMDC’s sales nosedived 40% in June to 1.9 million tonne (MT) from 3.18 MT in June 2021, indicating weaker demand from steelmakers. In Q1FY23, NMDC reported a 20% year-on-year (y-o-y) decline in sales, despite reducing prices by up to 36?tween April 1 and June 5, the effective date of the last price revision.An NMDC official attributed the fall in sales in Q1 and in June,...