Indian Metals & Ferro Alloys stock traded above its 50-day and 200-day SMAs of Rs 821 and Rs 729, respectively, but remained volatile with a 1-year beta of 1.5, as per Trendlyne data. It has a market capitalization of Rs 4,862.88 crore, reflecting its position in the market despite fluctuating trends.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.