Among base metals, Hindalco Industries rose more than 3% and scaled a 52-week high of Rs 603. National Aluminium Co rose over 1% to Rs 116.85. Steelmakers across the board gained, with Tata Steel, Steel Authority of India, and JSW Steel rising 1-2%. JSW Steel shares also hit a lifetime high of Rs 636.
Market Outlook: Can Nifty find its footing as crude, Fed policy drive markets?
Indian equities enter a holiday-shortened week with the Nifty at a crucial support zone after five consecutive weekly declines. The US Fed’s policy decision, FOMC