Metal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend patience. Investors should buy on dips rather than chase momentum. Several factors are driving this surge, including government import duty hikes on gold and silver. Strong industrial demand and supply disruptions are also supporting prices.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
Markets extended their rebound for a second consecutive session on Thursday, buoyed by supportive global cues and selective buying in heavyweight stocks. Banking majors played a crucial role in the relief rally, while IT stocks remained under pressure. Several companies, including Adani Enterprises, Tata Motors PV, and JSW Steel, were in focus due to significant block deals and financial results.
Sebi proposes simplifying exchange-traded and commodity derivatives regulations by removing complex close-to-money (CTM) option rules and reducing mandatory product advisory committee meeting frequency. These changes aim to ease compliance and reduce uncertainty for market participants, aligning with international practices.
US stocks closed higher with S&P 500 and Nasdaq hitting fresh record highs, led by a tech rally after Nvidia got approval to sell H200 chips to China. Investors tracked Trump-Xi talks in Beijing, solid retail sales data, and rising inflation risks tied to energy prices impacting Fed rate cut hopes.
Shares of US chip startup Cerebras Systems surged Thursday in its trading debut, more than doubling at one point and hitting a market value of $80 billion. Shortly after 1730 GMT, Cerebras stood at $332.51, up around 80 percent on the Nasdaq exchange after earlier reaching $385.
BLACKSTONE DIGITAL INFRASTRUCTURE TRUST-IPO/ (UPDATE 1)UPDATE 1-Blackstone data center vehicle opens flat in New York debut after $1.75 billion IPO
The jump, if sustained, would mark the best day for the stock since a robust earnings reports in May 2002 sparked a furious rally in the aftermath of the dotcom crash.
Jio Financial Services saw a ₹62 crore block deal as Goldman Sachs sold 26.75 lakh shares to Morgan Stanley. The stock gained 1.12% despite weak one-year performance and a 14% YoY profit decline in Q4FY26, even as revenue and AUM posted strong growth during the quarter.
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