Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks. In India, domestic fundamentals such as steel consumption remain robust, hence one can take fresh positions in these counters," said Amit Dixit, an analyst at ICICI Securities.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
Taking on the Bharatiya Janata Party on the corruption issue, Congress president Sonia Gandhi on Saturday said that the party was forced to change its chief minister in Uttarakhand following graft allegations and accused it of "creating a wedge" between the hills and the plains.
Bharatiya Janata Party leader L K Advani's anti-corruption rally at Bangalore has been cancelled. The yatra will still pass through Mangalore and Udupi as per schedule. No official reason for the cancellation of the rally has been given. According to sources, the rally was cancelled as most BJP ministers in the state are facing major corruption charges.
The Bharatiya Janata Party president Nitin Gadkari on Wednesday dubbed the Trinamool Congress as a 'silent partner' of United Progressive Alliance and that party chief Mamata Banerjee was going 'soft' on it on corruption and price rise despite being a major ally.
Congress general secretary Rahul Gandhi on Thursday recalled history and asked the people in Meerut to oust the Mayawati government in Uttar Pradesh the way they had once freed the country from the yoke of the British rule.
Pakistani security officials have claimed arresting a Tehrik-e-Taliban Pakistan operative who is said to be the mastermind of the suicide attack which targeted former Prime Minister Benazir Bhutto's rally in Karachi in October 2007.
Trinamool Congress chief Mamata Banerjee on hit out at West Bengal Chief Minister Buddhadeb Bhattacharjee for claiming that she was taking her job as railway minister lightly and said it was he who did not have "vision" for setting up the small car project at Singur.
Australia's Jason Krejza became only the fourth bowler to take eight wickets in the first innings in his debut Test.
Accusing the United Progressive Alliance government at the Centre of dithering in taking strong steps against terrorists, Bharatiya Janata Party president Rajnath Singh on Saturday said the National Democratic Alliance would opt for surgical strikes to demolish their camps inside Pakistan, if it came to power.The NDA would take other countries into confidence on the need for such surgical strikes if it came to power after the Lok Sabha polls, he said.
"The government has pitched in 15,000 security people for a ridiculous torch, which is not even worth Rs 2. Because of the security, the torch has lost all value."
Reliance led the rally today with a gain of nearly 3% (Rs 83) at Rs 2,986. ICICI Bank advanced nearly 5% (Rs 57) to Rs 1,285. L&T gained 4.5% (Rs 183) to Rs 4,244.
Benchmark Sensex and Nifty after gaining nearly 30% in 2014 are trading in negative this year
It was truly heartening to see how the Sikh community had risen to the occasion during the Black Lives Matter peaceful protests and the coronavirus pandemic and selflessly served those looking for nourishment.
A jailed Gujarat police officer who is one of the accused in the "fake" encounter killings of Ishrat Jahan and three others, today sought bail on the ground that the Cent6ral Bureau of Investigation had filed "incomplete" chargesheet in the 2004 case.
The petition by the trio came two weeks after the apex court had on October 10 asked the Centre to provide details of the decision-making process in the Rafale deal with France in a sealed cover by October 29.
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
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