On Monday, metal stocks rose, driven by moderate valuations and an anti-dumping investigation on Vietnamese hot-rolled coil imports. The Nifty Metal Index gained 1.87%, and companies like National Aluminium and Hindalco saw significant increases. Analysts, however, remain cautious due to challenges from Chinese imports despite the recent valuation corrections.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction