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#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
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.