While sectors like financials and information technology (IT) are stealing the spotlight with bullish predictions, metals seem to be the market's underdog. Several fund managers either recommend steering clear of the sector or keeping exposure to a minimum.
Over the past six months, the Nifty Metal has tumbled over 13%, underperforming the broader Nifty 50, which has slipped just 2%. All constituents of the Nifty Metal index, barring National Aluminium Co. Ltd (Nalco) and Welspun Corp. Ltd, fell during the period.
Hindustan Zinc has been hit the hardest, plunging 32%, followed by Steel Authority of India Ltd (SAIL) and Hindustan Copper Ltd with declines of 24% and 23%, respectively.
Many fund managers believe investors should hold off for now and take another look at the sector once there is more clarity on China's recovery and the US trade policy under the new administration.
Esta historia es de la edición January 02, 2025 de Mint New Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 02, 2025 de Mint New Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
India, Oman FTA negotiations over
India is not seeking customs duty concessions on over 100 product categories in FTA with Oman. AFP
PSB to raise ₹2k cr via QIP in Q4: CEO
State-owned Punjab and Sind Bank (PSB) plans to raise ₹2,000 crore through qualified institutional placement (QIP) during the ongoing quarter, a top official of the bank said.
NCLT Directs Tulip Hotels' Liquidation
The National Company Law Tribunal (NCLT) has directed the liquidation of debt-ridden Tulip Hotels, as the tribunal failed to receive any bidder during its insolvency resolution process within the prescribed timeline.
Nailing the 'smart business casual' code during winter
Looking 'smart casual' is easy if you build a wardrobe around versatile separates like blazers and trousers
AESL order book swells to ₹54,700 cr
Adani Energy Solutions Ltd has won two new transmission projects, helping swell its order book to ₹54,700 crore—more than three times the work order it had at the start of the current fiscal in April 2024.
Life, accident insurance coverage may be doubled
The initiative aims to strengthen financial security, especially for economically weak sections
Trump and the threat to global trade: Much ado about nothing?
His past moves won little success even as key changes since have made world trade less vulnerable
Guide to investing in global stocks via Liberalized Remittance Scheme
From KYC to investments: Indian platforms are streamlining stock investments in the US, other global markets
Union Budget Likely To Offer Personal Income Tax Relief
in the July 2024 budget. The bold move to revamp the individual income tax regime comes at a time economic growth is expected to moderate to 6.4% in the current financial year, below the post-pandemic average of 8.3% seen in the preceding three financial years.
House sale tax: Are furnishings deductible?
I am planning to sell my house in a few months and want to understand how to calculate the cost of acquisition for all tax purposes.
