Stock Market Today, June 27 -- The Nifty Metal Index has been rebounding, having risen almost 5% in a week. After volatile H1CY25, hopes rise on recovery and better H2 led by improving base metal prices and strong demand for ferrous and non-ferrous. This has improved outlook for Vedanta Ltd, Hindalco Industries, Tata Steel, JSW Steel, and other metal stocks.
The base metal prices on the London Metal Exchange, or the LME, are rising. Among key factors that are leading to the rise are expectations of a rate cut in the US, leading to a pickup in economic activities. Among others, the geopolitical tensions leading to supply chain disruption and the weakening of the dollar index, or a weaker dollar, are fueling the rise in base metal prices, ...
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