Nara Lokesh traced the state's current approach to governance and deal-making to a moment early in the government's tenure, when N Chandrasekaran visited the chief minister
ICICI Securities has a buy call on Tata Steel and Jindal Steel. It has a hold call on JSW Steel and SAIL.
Nomura expects JSW Steel standalone and Tata Steel standalone to report around Rs 1,900 to Rs 2,000 per tonne sequential decline in realisations.
Angel One said its board would meet on January 15 to consider a stock split and decide on the first interim dividend for the financial year 2025-26.
India’s steel majors have been found guilty of breaching anti-trust laws following a CCI probe into Tata Steel, JSW Steel and SAIL, Reuters reported. The regulator found companies colluded in setting steel prices, with hefty fines likely on firms and senior officials. This comes at a time when metal stocks have seen a sharp run-up amid strong global prices and supply-side tightness. So, what should be your investment strategy now?
Stocks including Reliance Industries, Titan, ONGC, YES Bank, IEX, Meesho, Lodha Developers, IRB Infra, Steel Companies and more will be in the spotlight on Wednesday, January 07.
India’s leading steelmakers are under intense regulatory scrutiny after the CCI found evidence of price fixing and supply curbs over eight years. The probe puts dozens of top executives in the spotlight.
Shares of Reliance Industries Ltd were among the top losers, closing 4.42% lower at Rs 1507.70 in the current session.
HDFC Bank stock emerged as top loser on the Sensex, falling 2.35% to Rs 977.70 followed by Infosys (2.09%), HCL Technologies (2.08%), Bajaj Finance (1.21%), TCS (1.09%) and Reliance Industries (0.94%).
SMC Global said that CESC has been trading within a downward-sloping channel for a considerable period, indicating a phase of healthy consolidation rather than a reversal from higher levels.
Gaurav Sharma, Associate VP & Head of Research at Globe Capital, discussed the outlook for steel stocks following the government's imposition of a 12% safeguard duty on steel imports. He noted that major players like JSW Steel, Tata Steel, and Jindal Steel have performed exceptionally well. However, Sharma emphasized that selecting stocks has become challenging due to their strong rally. He recommended focusing on lesser-known names like GMDC and NMDC, which still offer upside potential. Sharma advised caution for fresh investments, suggesting that investors with gains should consider booking profits, as metal stocks may enter a consolidation phase in 2026.
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