Sensex, Nifty rise as metals, auto gains; Kotak Mahindra Bank hits record high

Indian shares rose on Tuesday in a volatile session, led by gains in metal and auto stocks, with investors focusing on commentaries from companies over the impact of higher input costs on margins in an earnings-heavy week. The blue-chip NSE Nifty 50 index ended up 0.8% at 18,268.40, while the benchmark S&P…

Markets rise on boost from metals, energy shares

Indian shares gained on Thursday, led by energy and metal stocks on concerns over tight inventories, with investors focusing on a cluster of earnings due later in the day. The NSE Nifty 50 index was up 0.4% at 18,330, while the S&P BSE Sensex rose 0.4% to 61,558 by 9:25 am. . The Nifty Metals index and the energy…

As steel prices surge, Kalyani Steels may renegotiate deals with auto makers

A lot has been happening in the metals sector globally. With Russia being a major producer and exporter of metals, recently decided to impose new export taxes on steel, copper, aluminium and nickel, starting from August 1, it could spell a lot of opportunities opening up for the rest of the world. Closer home, in the…

Closing Bell: Sensex ends 178 points lower, Nifty below 15,700; banks, metal drag

Indian indices ended lower on Thursday, weighed by banks and financials after the US Federal Reserve pulled up the rate hike timeline to 2023 from 2024 earlier citing rising inflation. The Sensex ended 178 points lower at 52,323 while the Nifty fell 76 points to settle at 15,691. “Indian equities traded…