The Nifty Metal index, which closed at 6558.5 on Monday, is above the September peak and is just 3.9% below the record high seen in April this year. Analysts said the Nifty Metal index has crossed its resistance of 6,500 and remains in a buy-on-dip mode as long as it has supports 6,200 on the downside.
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.