Latest news with #TataSteel
Time of India
2 days ago
- Business
- Time of India
Tata Steel Share Price Live Updates: Tata Steel's six-month beta performance
Discover the Tata Steel Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of Tata Steel with the latest details, including: Last traded price 163.12, Market capitalization: 203631.37, Volume: 26455081, Price-to-earnings ratio 59.53, Earnings per share 2.74. Our comprehensive coverage combines fundamental and technical indicators to provide you with a comprehensive view of Tata Steel's performance. Stay informed about breaking news that can sway Tata Steel's trajectory in the market. With our expert insights and stock recommendations, make well-informed financial decisions. Join us on this journey as we explore the exciting potential of Tata Steel. The data points are updated as on 08:42:31 AM IST, 30 May 2025 Show more Show less
Hindustan Times
2 days ago
- Sport
- Hindustan Times
Gukesh finds first win in Norway
Bengaluru: It was past midnight on Thursday in India when Gukesh D found his first win in Stavanger. In the Norwegian city that lies on the North Sea coast, there were still a few hours to go for his 19th birthday. Since becoming world champion last year, the Indian teen hasn't delivered the kind of dominant results typically expected from someone fresh off such a milestone. He arrived for the Norway Chess tournament with the proverbial sword of Damocles hanging over his head – can he defeat five-time world champion Magnus Carlsen? They were paired in Round 1 and Gukesh went on to lose the encounter after Carlsen brought his superlative endgame skills to bear. A sharp quip from the world No 1 followed – 'You come for the king, you best not miss'. Gukesh spiralled to a second straight defeat against fellow Indian Arjun Erigaisi in the following round and appeared visibly gutted, turning away from the cameras soon after resigning. This win must come as a relief to Gukesh, who has been struggling with his form since he turned world champion. Barring the Tata Steel tournament in Wijk Aan Zee in January, his performances since have largely been underwhelming. In such situations, the innermost circle of a player, typically their trainer, has a role to play. Gukesh is accompanied by coach Grzegorz Gajewski, formerly Viswanathan Anand's second. 'He (Gajewski) is not the kind who sits around and allows you to mope,' Anand offered, 'His attitude was – 'Look you're taking a bit longer to feel fine and that's OK. I've prepared what you're supposed to do today and I want you to familiarise yourself with it and get ready to play'. I think that's probably what he would have done with Gukesh as well.' The silver lining in his 'difficult' loss, Nakamura later mentioned, was that Arjun too had lost his Round 3 game, against Fabiano Caruana. Arjun is the player closest to Nakamura in the race for the ratings spot in the Candidates tournament next year. 'I still have a 20-point cushion heading into Round 4,' said the American. While Gukesh found his first win of the tournament, Carlsen had a second straight tough day at Norway Chess, losing to China's highest-ranked player Wei Yi in the Armageddon, after their classical game was drawn. It's the second Armageddon in a row that the defending champion has lost so far in three rounds. Playing with the White pieces in the Armageddon, Carlsen had to win while all Wei Yi needed was a draw with Black to take 1.5 points. Wei Yi was ruthless, locking down the White king and Carlsen resigned soon after. 'I'm so happy, because it's my first win against Magnus in my chess career, even if it's an Armageddon game!, ' Wei Yi beamed.
Time of India
3 days ago
- Business
- Time of India
Metal stocks shine on a lackluster monthly expiry, surge up to 11%. Here's why
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Driven by a combination of factors like Q4 earnings and a block on President Donald Trump's trade tariffs, metal stocks surged up to 11% in Thursday's trade, outperforming a weak broader market, as both the Nifty and Sensex trading in the red. Welspun Corp shares led the rally, surging 11.1% to hit a high of Rs 903.90 during the session after reporting impressive Q4 results. The pipe manufacturing major's fourth-quarter net profit more than doubled, the company slashed its gross debt, and guided for strong revenue growth in the year Corp posted a 143% year-on-year rise in consolidated net profit to Rs 699.19 crore for the March quarter, up from Rs 287.28 crore in the same period last year. The sharp profit growth came despite a decline in total income to Rs 3,966.86 crore from Rs 4,543.70 crore, largely supported by a significant drop in expenses, which fell to Rs 3,639.32 crore from Rs 4,292.37 other metal stocks, Lloyds Metal & Energy shares climbed 4.8% to reach Rs 1,422.00. Jindal Stainless shares also gained 3.5%, touching Rs 669.50, while Hindustan Zinc rose 2.8% to Rs Steel & Power shares were up 2.5%, hitting Rs 968.75, while Tata Steel shares advanced 1.7% to touch Rs 163.95. NMDC shares registered a more modest rise of 1.2%, with the stock reaching a high of Rs broader Nifty Metal index also outperformed the market, surging by over 1%. However, at around 2 pm, the index was up by 0.8%.Meanwhile, the shares of the state-owned Steel Authority of India Ltd (SAIL) jumped 2.2% to an intraday high of Rs 131.80 after the company reported an 11% year-on-year (YoY) rise in consolidated net profit for Q4FY25 at Rs 1,251 crore, compared with Rs 1,125 crore in the same quarter last rally in the metal pack came after a U.S. federal court ruling dealt a major blow to Donald Trump's plan to impose sweeping reciprocal tariffs on imports from several trading partners, including India.'The Federal court's decisions may have partly driven the uptick in metal stocks as commodities follow the international prices. Metal stocks have already seen a lot of buying activity and technically they are showing signs of bottoming out,' said Rajesh Palviya, Senior Vice President, Research-Head Technical & Derivatives at Axis Securities, adding that he sees an uptrend, going ahead.'Most metals behave with the same kind of momentum and we remain bullish on them," Palviya said while recommending a buy on Tata Steel, Vedanta, Jindal Steel and mining stock line a similar sentiment, Aamar Deo, Senior VP of Research at Angel One said, 'To a certain extent, metals stocks are reacting to the US court's decision as domestic commodities track global prices'.The development is being seen as a potential boost for global trade sentiment and a relief for export-driven sectors, particularly ruling, delivered by the U.S. Court of International Trade, invalidated the tariffs Trump had recently imposed on nearly all trading partners. These duties, which went as high as 50% in nations with trade deficits with the U.S., had disrupted international commerce, impacted supply chains, and added to inflationary pressures across global Indian metal exporters , the move may bring significant respite. The rollback of these tariffs may enhance price competitiveness for domestic players in overseas markets, particularly the U.S., which is a key export destination for steel, aluminum, and other metal tariffs in question were imposed under the International Emergency Economic Powers Act (IEEPA), a law the court found was misused to justify trade restrictions. While other Trump-era tariffs on steel, aluminum, and autos remain intact under different trade statutes, the latest ruling significantly curtails the scope for unilaterally imposed duties under emergency ruling may still face appeals, but for now, the market is pricing in the potential for a more stable and predictable global trade environment. With tariffs temporarily blocked and the scope of unilateral trade actions curbed, metal exporters stand to benefit from restored access and improved sentiment in global markets.
The Hindu
3 days ago
- Business
- The Hindu
Sensex jumps over 500 points in early trade
Equity benchmark indices Sensex and Nifty surged in early trade on Thursday (May 29, 2025) after two days of decline, mirroring a rally in Asian markets amid positive developments on the US tariffs front. Also, foreign fund inflows drove equity markets higher. The 30-share BSE benchmark gauge Sensex jumped 504.57 points to 81,816.89 in early trade. The NSE Nifty climbed 137.25 points to 24,889.70. From the Sensex firms, Infosys, Tata Steel, Tech Mahindra, HCL Tech, Tata Consultancy Services, Sun Pharma, Tata Motors and HDFC Bank were among the biggest gainers. UltraTech Cement, Bajaj Finance, Bajaj Finserv and Nestle were among the laggards. A U.S. federal court has blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. "The US federal court striking down the reciprocal tariffs is a clear message that the President cannot ride roughshod over markets and economy with his questionable decisions. "This court ruling is the second big blow to President Trump after the blow delivered by the bond market which forced the Trump administration to pause the tariffs for 90 days. From the market perspective, this is a positive development," V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the positive territory. US markets ended lower on Wednesday. Foreign Institutional Investors (FIIs) bought equities worth ₹4,662.92 crore on Wednesday (May 28), according to exchange data. India's industrial production growth slowed to 2.7 per cent in April 2025 due to poor performance of manufacturing, mining and power sectors, according to official data released on Wednesday. Global oil benchmark Brent crude jumped 1.11 per cent to USD 65.62 a barrel. The 30-share BSE barometer declined 239.31 points or 0.29 per cent to settle at 81,312.32 on Wednesday. The Nifty dropped 73.75 points or 0.30 per cent to 24,752.45.
Mint
3 days ago
- Business
- Mint
Markets rebound in early trade after two days of decline; Sensex jumps over 500 points
Mumbai, May 29 (PTI) Equity benchmark indices Sensex and Nifty surged in early trade on Thursday after two days of decline, mirroring a rally in Asian markets amid positive developments on the US tariffs front. Also, foreign fund inflows drove equity markets higher. The 30-share BSE benchmark gauge Sensex jumped 504.57 points to 81,816.89 in early trade. The NSE Nifty climbed 137.25 points to 24,889.70. From the Sensex firms, Infosys, Tata Steel, Tech Mahindra, HCL Tech, Tata Consultancy Services, Sun Pharma, Tata Motors and HDFC Bank were among the biggest gainers. UltraTech Cement, Bajaj Finance, Bajaj Finserv and Nestle were among the laggards. A US federal court has blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. "The US federal court striking down the reciprocal tariffs is a clear message that the president cannot ride roughshod over markets and economy with his questionable decisions. "This court ruling is the second big blow to President Trump after the blow delivered by the bond market which forced the Trump administration to pause the tariffs for 90 days. From the market perspective, this is a positive development," V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the positive territory. US markets ended lower on Wednesday. Foreign Institutional Investors (FIIs) bought equities worth ₹ 4,662.92 crore on Wednesday, according to exchange data. India's industrial production growth slowed to 2.7 per cent in April 2025 due to poor performance of manufacturing, mining and power sectors, according to official data released on Wednesday. Global oil benchmark Brent crude jumped 1.11 per cent to USD 65.62 a barrel. The 30-share BSE barometer declined 239.31 points or 0.29 per cent to settle at 81,312.32 on Wednesday. The Nifty dropped 73.75 points or 0.30 per cent to 24,752.45.
