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VEDL - Vedanta News Story

₹122.8 0.1  0.0%

Last Trade - 07/08/20

Sector
Basic Materials
Size
Large Cap
Market Cap £4.62bn
Enterprise Value £7.40bn
Revenue £8.58bn
Position in Universe 64th / 3003

BUZZ-India's metals stocks rally after strong Chinese factory data

Tue 30th June, 2020 6:20am
** Shares in Indian metals and mining companies rise after
upbeat industrial data from China, one of the world's largest
producers and consumers of metals
    ** The Nifty metals index  .NIFTYMET  rises 1.6% by 0500
GMT, the most among 12 sectoral indexes, and as the broader
market  .NSEI  is up 0.35%  .BO 
    ** Indian metals stocks were rallying on hopes that a
sustained pick up in Chinese factory activity will help metals
and mining companies, said Samrat Dasgupta, CEO at Esquire
Capital Investment Advisors
    ** China's PMI released Tuesday showed factory activity in
the world's second-largest economy grew for a fourth straight
month in June; China's services sector PMI also expanded at a
faster pace vs previous month  urn:newsml:reuters.com:*:nL4N2E627S    
    ** Jindal Steel  JNSP.NS  up 3.7%, Steel Authority of India
 SAIL.NS  5.6%, Hindalco  HALC.NS  3%, NMDC  NMDC.NS  2.6%
    ** Tata Steel  TISC.NS  rises 4.4% following March-quarter
results  urn:newsml:reuters.com:*:nFWN2E60FR urn:newsml:reuters.com:*:nFWN2E60WO

 (Reporting by Sachin Ravikumar and Chris Thomas)
 ((saisachin.r@tr.com; +91 80 6749 7649; Twitter: @sachinr27))
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