Metal stocks surged over 7% on Wednesday, driven by firm base metal prices and reduced uncertainty over US tariffs. Analysts suggest buying on dips, anticipating up to 25% upside. Companies like Lloyds Metals, National Aluminium, and Vedanta saw significant gains as investors shifted funds from IT to the buoyant metal sector.
Forex reserves rise $7.3 billion as FCNR & ECB flows pick up
The country’s stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest data from