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Informist, Thursday, Aug. 14, 2025

MUMBAI – Shares of metal companies are likely to move in a range next week, according to technical analysts. The outlook for the overall market remains hazy and will majorly depend on the outcome of a meeting betweeen US President Donald Trump and his Russian counterpart Vladimir Putin in Alaska on Friday. 

Investors will watch out for any developments related to a trade deal with the US or anti-dumping duties due to imposition of hefty import tariffs by the US on various countries.

The Directorate General of Trade Remedies has recommended an anti-dumping duty of $121.5 per tonne on imports of hot-rolled flat products of alloy or non-alloy steel from Vietnam, following the final findings of its investigation, as announced on Wednesday.

Futures contracts of all base metals edged lower on the Multi Commodity Exchange of India Wednesday, despite positive cues from the London Metal Exchange, because of a sharp rise in the rupee against the dollar. Market participants are now awaiting China's industrial production and retail sales data, both due early Friday, for further cues.

Copper prices were also under pressure due to an increase in production in Chime. Chile's state-run miner Codelco reported a 17% on-year increase in production in June at 120,200 tonnes.

On Thursday, the Nifty Metal index closed 1.4% lower and was the worst hit among sectoral indices. NMDC was the top loser on the index, falling more than 4%. The decline in the stock follows a sharp surge after the release of the company's June quarter earnings. The company reported a marginal rise in net profit and over 24% on-year growth in revenue from operations. Hindalco Industries reported decent earnings for the quarter as higher sales volumes helped mitigate the impact of weaker aluminium prices.

TOP HEADLINES

* PIL in SC against Vedanta cos risks upstreaming of funds - Viceroy Research
* Analyst Concall: Net debt-to-EBITDA to not breach 1.5 times - Jindal Steel
* Earnings Review: Lloyds Metals' Q1 PAT up 15% on jump in other income
* NMDC Steel posts INR 255.6 million net profit in Apr-Jun vs loss year ago
* Earnings Review:Jindal Steel PAT up after 5 qtrs; top line dn on fewer sales
* Analyst Concall: Arm Novelis faces capacity constraints in US, says Hindalco
* Hindalco Apr-Jun downstream ops up 6% YoY on strong demand, says management
* Earnings Review: India ops lift Hindalco Apr-Jun PAT 30% YoY; above view
* Hindalco arm Novelis' subsidiary to offer $750 mln of 2033 unsecured notes
* Analyst Concall:Pdt mix diluting higher beverage packaging pricing - Novelis
* JSW Steel in SC criticises lenders for seeking share in Bhushan Power EBITDA
* Hindalco arm Novelis reports 36% on yr fall in Apr-Jun net income at $96 mln
* Tata Steel files writ petition in HC against INR 19.03-bln tax demand order
* Analyst Concall:See FY26 alumina exports rising amid high spot sales - NALCO      

Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:

End

Reported by Simran Rede

Edited by Avishek Dutta

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