Sector Spotlight: Metal stocks remain a promising bet for this analyst; buy SAIL, JSW Steel, Tata Steel for gains
Stocks to Buy: Market expert Nilesh Jain remains bullish on the metal sector and sees Nifty Metal Index hitting levels between 6500 and 7000. The view is for the next 7-8 trading sessions, he added. He recommended three stocks for Buy/Hold
Sector Spotlight: Stock Markets pared losses towards the closing time but still ended lower on Monday. The BSE Sensex ended the day at 56,975.99, down by almost 84 points or 0.15 per cent. Meanwhile, the Nifty50 ended at 17069.10 after hitting intraday lows of 16917.25. The 50-share index closed 33 points below the Friday closing level.
The broader markets also ended negatively with Nifty Midcap 100 and Nifty Smallcap 100 feeling the heat ahead of the US Federal Open Market Committee (FOMC) meeting which begins on 4 May.
Among the sectoral indices Nifty Metal was among gainers. The 15-share index remains under the spotlight as commodity prices soar. The index ended at 6,363.10, up nearly 0.6 per cent. Tata steel was the top gainer and ended 2 per cent higher. The company is to announce its Q4 Results 2022 on Tuesday.
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Also Read: Tata Steel Q4 results 2022: net profit jumps 37% to Rs 9,835 cr; company announces Rs 51 dividend(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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