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The Nifty Metal index has emerged as the top sectoral gainer, driven by strong performances from companies like NALCO, Hindustan Zinc, JSW Steel, and Hindalco. The index has risen over 4% in the last five days, bolstered by hopes of a Federal Reserve rate cut. Despite a mixed Q1 FY25 for the metals and mining sector, with a 13% rise in operating profit but flat topline and bottomline growth, the market remains optimistic. The market cooled off after a last-hour surge in yesterday's session.
#NiftyMetal has risen over 4% in the last five days.
- The metals and mining sector had a mixed Q1 FY25: operating profit rose 13%, but topline and bottomline growth remained flat ⛏️ On a positive note, the Nifty Metal index recently climbed 4% on hopes of a Fed rate cut! #plcapital #prabhudaslilladher #informedinvesting https://t.co/qOyO6yeRLi
The metals and mining sector had a mixed Q1 FY25: operating profit rose 13%, but topline and bottomline growth remained flat ⛏️ On a positive note, the Nifty Metal index recently climbed 4% on hopes of a Fed rate cut! #plcapital #prabhudaslilladher #informedinvesting https://t.co/PFASeYHW20
