Rajesh Palviya of Axis Securities suggests Nifty may consolidate between 24,800 and 25,000. Bank Nifty might range from 54,900 to 55,500. Chennai Petro and Coal India look promising. Metal stocks like Tata Steel and Hindalco are in an uptrend. Profit booking is advised for short-term defence stock investors.
Trump’s copper tariffs meant to raise revenue, not curb supply chains: Peter McGuire
Peter McGuire analyzes the potential impact of increased tariffs on copper prices, noting President Trump’s revenue-focused agenda. Suppliers face decisions on absorbing costs or passing