Metals Stocks Outlook For The Week - 08 To 12.10.2018
Stocks of metal and mining companies are likely to be subdued next week, as market sentiment
remains fragile. The Nifty 50 and the Sensex saw their steepest weekly fall since February 2016, as
higher crude oil prices and weakness in the rupee weighed on sentiment. Aluminium producers will
remain on the radar as prices of the metal are likely to inch up further after Norsk Hydro announced it would temporarily shut its alumina refinery in Brazil, the largest in the world. This is likely to lead to a spurt in prices of alumina a raw material used in the production of aluminium. Producers of aluminium have been raising product prices, and are likely to continue doing so. Steel companies will be eyed, as these are most likely to raise product prices as they enter a seasonally strong period. JSW Steel is likely to detail its sales and production figures for the September quarter.
Source : Cogencis Information Services Ltd.
Equity Cash/Futures/Options Segment
Register for Daily Rs 2000/- Profit in Stock Options
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Stocks of metal and mining companies are likely to be subdued next week, as market sentiment
remains fragile. The Nifty 50 and the Sensex saw their steepest weekly fall since February 2016, as
higher crude oil prices and weakness in the rupee weighed on sentiment. Aluminium producers will
remain on the radar as prices of the metal are likely to inch up further after Norsk Hydro announced it would temporarily shut its alumina refinery in Brazil, the largest in the world. This is likely to lead to a spurt in prices of alumina a raw material used in the production of aluminium. Producers of aluminium have been raising product prices, and are likely to continue doing so. Steel companies will be eyed, as these are most likely to raise product prices as they enter a seasonally strong period. JSW Steel is likely to detail its sales and production figures for the September quarter.
Source : Cogencis Information Services Ltd.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
