Steelmakers are poised for a profit increase in the fiscal first quarter, driven by rebounding domestic steel prices and lower coking coal costs, despite an anticipated sales volume decline. Conversely, non-ferrous metal producers face a challenging quarter with projected revenue and EBITDA declines due to weaker commodity prices and softer volumes.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.