Mid-cap and small-cap stocks, which had recently outperformed, experienced declines as investors grew concerned about high valuations. Profit-taking occurred after significant gains in May, with indices falling. Despite potential further declines, analysts suggest buying quality stocks during dips, as domestic liquidity and limited global impact offer optimism.
LME approves Adani’s major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper