Aditya Welekar from Axis Securities suggests that increasing the import duty on steel could positively impact Indian steel prices, though they would still remain higher than Chinese prices. Despite some price hikes by domestic mills, the outlook on steel stocks remains negative due to ongoing pressure from Chinese imports and falling raw material costs.
These stocks defy market volatility, extend rally beyond US-Iran ceasefire
The US-Iran war, which commenced on February 27, caused significant volatility in the equity markets, impacting key benchmarks. By October, the Nifty 50 index exhibited
October 5, 2026