Nifty Metal stocks fell sharply after a strong rally as profit booking, commodity index rebalancing and uncertainty over US Fed rate cuts triggered volatility. Analysts say valuations had priced in a bull case, but underlying demand-supply remains supportive. Short-term earnings may be muted, yet experts see corrections as buying opportunities for long-term investors.
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy