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MCX zinc prices gained over 1% on Wednesday amid tight inventories, weak dollar and supportive rupee movement. Analysts remain bullish, citing constrained supply and mine shutdowns in China. Technical indicators suggest buying on dips, with a near-term upside of about 7% and resistance seen near Rs 326 per kg.
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BIRC 2025 saw policymakers and business leaders discussing how India can leverage its rice exports and look at adopting best practices to increase yields
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Indian equities ended lower for a third straight session as uncertainty over the U.S. Federal Reserve’s rate outlook and lack of progress on a U.S.–India trade deal weighed on sentiment. The Sensex and Nifty slipped marginally, while mid- and small-cap stocks saw sharper losses despite support from PSU banks and RBI-led rupee stabilisation.
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Kotak Institutional Equities upgraded Vedanta to Buy after NCLT approved its demerger, raising the target price to Rs 650 and citing strong commodity prices, improving balance-sheet outlook and robust earnings growth potential through FY28
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Market strategist Jim Walker expresses astonishment at foreign investors selling Indian equities, deeming it a “madness” given India’s status as the world’s fastest-growing major economy. He believes recent selling is profit-taking, with investors likely to regret overlooking India’s long-term fundamentals and domestic growth drivers.
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