Metals
One year of Ukraine war: A roller-coaster ride for steel companies
In 2021, steel exports from the two countries stood at about 48 million tonnes, accounting for around 10% of global steel trade
 "One year of Ukraine war: A roller-coaster ride for steel companies")
Metals company Manaksia posts Rs 62 cr net profit in December-qtr
Metals company Manaksia Limited has returned to black posting a Rs 62 crore net profit in the December quarter, mainly on account of higher income. The company had posted a net loss of Rs 65 lakh in the October-December period of the preceding 2021-22 fiscal, Manaksia said in a regulatory filing on Tuesday. Its total income jumped to Rs 34.38 crore in the quarter ended December 31, 2022 from Rs 7.41 crore in the year-ago quarter. Total expenses were at Rs 31.42 crore, as against Rs 7.44 crore a year ago. Kolkata-based Manaksia is the flagship company of the Manaksia Group. It is also involved in the manufacturing of galvanized steel, metal colour-coated sheets & coils and aluminum alloy ingots for the automotive sector.
 "Metals company Manaksia posts Rs 62 cr net profit in December-qtr")
Markets climb for 2nd day as HDFC twins maintain momentum
Equity benchmarks extended their rally for the second straight session on Wednesday amid buying in index heavyweights HDFC twins and fresh foreign funds inflows.
 "Markets climb for 2nd day as HDFC twins maintain momentum")
Of metals and rare earths
There's an obvious need to diversify sources of rare earth minerals but, despite new finds in Sweden, China will remain the go-to supplier for the foreseeable future
With markets near all-time highs, which sectors should you bet on?
The index has rallied over 20% from its 52-week low led by metals, financials and FMCG shares. Do these sectors have enough legs to take the indices further higher or is it time for sector rotation?
 "With markets near all-time highs, which sectors should you bet on?")
Metal stocks: Will export duty rollback help?
India has decided to remove export duty on steel, and steel making raw material. While industry has welcomed it, analysts do not see any benefit in the near term. How will related stocks be impacted?
 "Metal stocks: Will export duty rollback help?")
Vedanta stock slips over dip in commodity prices despite in-line Q2 show
Soft prices of commodities including metals is weighing on investor sentiment
 "Vedanta stock slips over dip in commodity prices despite in-line Q2 show")
Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%
Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said
 "Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%")
Auto, banks rule the roost in H1FY23; IT and metal stocks laggards
M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%
 "Auto, banks rule the roost in H1FY23; IT and metal stocks laggards")
Metal sector: Investors should brace for a difficult Q2; H2 could be better
Metal spreads may not yet have bottomed out with guidances indicating Q2' FY 2022-23 may see lower profitability
 "Metal sector: Investors should brace for a difficult Q2; H2 could be better")
China's $220-bn stimulus unlikely to reverse global metals meltdown
Extra funds will likely be used to plug Covid-era budget gaps, and won't tackle the bigger issue for metals demand: a subdued property market and a still-struggling manufacturing sector
 "China's $220-bn stimulus unlikely to reverse global metals meltdown")
China stimulus unlikely to reverse rout in the global metals market
While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time
 "China stimulus unlikely to reverse rout in the global metals market")
Investors fear big decline in metal companies' margins and profits
The metal sector also faces headwinds from an investment slowdown in China that accounts for more than half the global metal demand
 "Investors fear big decline in metal companies' margins and profits")
Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts
Amid weakening consumer confidence and flaring inflation, analysts say that the corporate earnings this quarter will be a mixed bag, with select pockets like banks being the frontrunners.
 "Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts")
Copper prices hit 17-month low over China restrictions, says report
Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $7,982 a tonne at 1602 GMT
 "Copper prices hit 17-month low over China restrictions, says report")
Gold edges lower as July rate hikes loom; silver near lowest level in 2 yrs
Gold is currently ranging above $1,800 backed by Treasury yields and the spike in US dollar strength
 "Gold edges lower as July rate hikes loom; silver near lowest level in 2 yrs")
Second half of 2022 starts with more declines in global stocks, yields
US Treasury yields tumbled on market expectations that US consumer prices will come down close to the Federal Reserve's inflation target.
 "Second half of 2022 starts with more declines in global stocks, yields")
What's ahead for the distressed IT, banks, realty, and metal sectors?
Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors
 "What's ahead for the distressed IT, banks, realty, and metal sectors?")
Distressing times await metals and OMCs
The govt has levied duties on steel exports to curb inflation. But it came as a setback for the metal and oil marketing companies. Find out the impact of this policy decisions and the sector outlook
 "Distressing times await metals and OMCs")
What's ahead for the defeated IT, banks, realty and metals?
Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors
