S&P BSE Metal remain almost flat on Jan 27. It closed at 6789.62, up 22.67 points (0.34%) compared to the previous close at 6766.95. The Sensex also remained flat while the international markets including CAC, DAX and FTSE remained dull today. The market opened at 6710.96, and went up to 6895.10. The day’s low was 6721.36.
J. K. Jain of Karvy Stock broking is positive about metal stocks such as JSW steel. Jain said it is trading close to the 52-week low. So, this indicates a clear strength in the stock and we expect this momentum to continue in the next series.
Most of the steel stocks registered gains today. Tata Steel, Sail and JSW Steel increased by 1.46%, 0.34% and 1.29% respectively.
The movement of S&P BSE Power in the last one year:
The performance of underlying stocks of S&P BSE POWER on January 27:
Company Name |
Industry |
Last |
Change |
%Chg |
Mkt Cap |
|
|
Price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
303.7 |
-0.8 |
-0.26 |
191828 |
Hind Zinc |
Metals - Non Ferrous |
158.65 |
7.55 |
5 |
67034.69 |
Hindalco |
Aluminium |
71.25 |
-0.8 |
-1.11 |
14713.02 |
Jindal Steel |
Steel - Sponge Iron |
65.95 |
0.6 |
0.92 |
6033.79 |
JSW Steel |
Steel - Large |
1121.65 |
14.25 |
1.29 |
27112.75 |
NALCO |
Aluminium |
34.85 |
0.15 |
0.43 |
8981.68 |
NMDC |
Mining & Minerals |
80.35 |
-0.2 |
-0.25 |
31856.49 |
SAIL |
Steel - Large |
43.65 |
0.15 |
0.34 |
18029.74 |
Tata Steel |
Steel - Large |
257.55 |
3.7 |
1.46 |
25013.65 |
Vedanta |
Mining & Minerals |
63.85 |
-0.6 |
-0.93 |
18929.57 |