SAIL shares: The brokerage firm believes that SAIL is more sensitive to steel and coking coal prices. A Rs 1,000/t rise in Hot Rolled Coils (HRC) prices boosts SAIL’s EBITDA by 15% (compared to 4% for Tata Steel), while a $10/t drop in coking coal prices increases EBITDA by 10%.Read More
Japan’s Nikkei share average dropped 0.25%, closing at 37,751.88, as technology stocks fell. The broader Topix, with fewer tech stocks, rose 0.45%. The Bank of Japan kept interest rates steady, and investors were cautious ahead of the U.S. Federal Reserve’s policy decision. Chip-related stocks declined, while trading houses rallied after Berkshire Hathaway increased holdings.Read More
As of 12:15 AM IST, Bitcoin rose 1% to $83,174, while Ethereum gained nearly 2%, reaching $1,935. The global crypto market cap increased by 0.79%, reaching $2.72 trillion in the past 24 hours.Read More
Steel industry shares reflect anticipated price hikes and valuation improvements due to the imposition of a 12% safeguard duty, which may lead prices to rise by Rs 1000 to Rs 2000 per tonne. Continuous monitoring is required due to geopolitical and macroeconomic uncertainties, especially from China.Read More
The defense sector has experienced a notable rebound in the last month, rising by 14%, and is expected to emerge as the top-performing sector by the end of the financial year.Read More
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