Indian flat steel prices declined by 19% from the June quarter average. The global investment bank sees a downside risk as Indian prices are still 6-11% above import parity. The global investment bank downgraded Indian steel in January and believes it is still early to turn constructive.
Tech View: What Nifty’s multiple doji candles and inside bars suggest for Friday trade?
Indian benchmark indices ended flat on December 26 as FMCG and bank losses offset auto gains. Expert Satish Chandra Aluri predicts sideways consolidation, citing cautious