Indian Metal & Energy Industry News & Updates - May 2023
Strong domestic demand, firm steel prices to keep SAIL in focus
After two lacklustre quarters, Steel Authority of India Ltd (SAIL) reported a rebound in performance in the March quarter (Q4FY25), driven by lower raw material costs and improved sales volumes—even as selling prices remained under pressure.
The Last Financial Closings....
| Sensex |
82,176.45 (+455.38) |
| NSE |
25001.15 (+148.00) |
| US$ spot |
Rs.72.8 |
| US$ |
Y.104.9300 |
| US$ 6 months |
Rs. |
| Yen |
Rs.0.69 |
| Euro spot |
Rs.88.1 |
| Gold (10gm) |
Rs.47,196.00 |
| Silver (1kg) |
Rs.69,184.00 |
| |
|
| Crude Oil (WTI) |
|
| Crude Oil (Brent) |
$61.3 |
| |
|
| Scip on BSE |
Face Value (Rs) |
Last Traded Value (Rs.) |
| Apollo Tyres |
1 |
497.00 |
| Asahi Ind |
1 |
730.00 |
| Amara Raja B |
1 |
1,049.85 |
|
| Ashok Leyland |
1 |
239.60 |
| Bharat Forge |
2 |
1,249.20 |
| JK Tyre Ind |
10 |
378.00 |
| Eicher Motor |
10 |
5,430.00 |
| Escorts |
10 |
3,510.90 |
| Exide Ind |
1 |
386.80 |
| Force Motors |
10 |
10,615.00 |
| Gabriel India |
1 |
654.05 |
| Hero Motocor |
2 |
4,358.00 |
| Hind Motors |
5 |
29.55 |
| HiTechGear |
10 |
595.00 |
| Jay Bharat |
5 |
78.41 |
| Jamna Auto |
5 |
92.30 |
| Kinetic Engg |
10 |
182.75 |
| KOEL |
2 |
866.00 |
| Kirloskar Bro: |
2 |
1,839.80 |
| L&T |
2 |
3,646.00 |
| Lumax Ind |
10 |
2,910.00 |
| Lumax Tech |
10 |
683.35 |
| M&M |
5 |
3,075.00 |
| Maruti Suzuki |
5 |
12,427.00 |
| Motherson SS |
1 |
150.00 |
| Minda Inds |
2 |
1,016.00 |
| MRF |
10 |
1,46,150.00 |
| Omax Auto |
10 |
86.75 |
| Rico Auto |
1 |
71.40 |
| JTEKT India |
1 |
138.37 |
| SRF Ltd |
10 |
2,890.60 |
|
| Tata Motors |
2 |
729.20 |
| TVS Motors |
1 |
2,773.80 |
Trump announces 50% steel tariff at Pennsylvania rally, backs Nippon’s investment in US steel
US President Donald Trump has said he's going to double the tariff rate on steel to 50 per cent, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods.
Gold investment demand soars 170% driven by volatility, geopolitical tensions
As gold prices surged to a record Rs 93,217 per 10 grams, Indian investors are pulling back from heavy jewellery buys and pouring money into gold exchange-traded funds (ETFs).
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