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BSE METAL

29813.97
As on 21 Nov 2024 11:42 AM

BSE METAL Performance

  • Open

    29,822.49

  • High

    29,863.28

  • Low

    29,447.50

  • Prev Close

    29,788.07

  • Dividend Yeild

    3.57%

  • P/E

    15.64

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Stocks Performance
HINDALCO
648.8
1.29%
VEDL
444.35
0.25%
TATASTEEL
141
1.11%
SAIL
111.75
0.36%
NATIONALUM
251.2
4.54%
JSWSTEEL
944.95
-0.29%
COALINDIA
407.65
-1.11%
NMDC
220
-0.52%
APLAPOLLO
1447.15
-1.2%
JINDALSTEL
877.1
1.33%
JSL
672.9
-1.97%

Color code for Stocks Performance

  • 5% and above
  • 5% to 2%
  • 2% to 0.5%
  • 0.5% to -0.5%
  • -0.5% to -2%
  • -2% to -5%
  • -5% and below

Constituent Companies

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BSE METAL Sector Performance

Top Performing

Under Performing

BSE Metal

High demand exists for metal stocks. This is mainly because traders buy these equities to preserve their resources or against inflation, which tends to increase after a central bank lowers lending rates to battle an economic recession. Investors observed signs of this throughout the pandemic.

According to the supposition, the relaxation of COVID regulations will stimulate industrial activity, hence raising demand for metals. Because of their exclusivity and usefulness, metals are excellent investments. You need to learn and comprehend many distinct things to be a shrewd trader in metal stocks.

The S&P BSE Metal index consists of S&P BSE 500 components that are categorized by the BSE sector categorization system as belonging to the metal, metal products, and mining industry.
 

BSE Metal Scrip Selection Criteria

When selecting SENSEX constituents, the general guidelines listed below should be adhered to:

● Record of Listing: The stock should have at least three months of BSE listing history. The usual requirement of 3 months is lowered to one month when the total market value of a freshly listed company falls within the top 10 on the BSE world listing. A minimum listing history is not required if a firm registers due to a merger, transfer, or absorption.

● Trading Volume: The scrip should have been traded once every other trading session over the past three months. Dreadful circumstances, such as the stopping of scrip, might call for an exception.

● Market Cap Weight: Each scrip's weight in the SENSEX should equal at least 0.5% of the IT index, based on the three-month free-float market valuation.

● Industry/Sector Depiction: The choice of scrip will normally be thought of as an accurate depiction of the listed companies in the BSE universe.

● Track Record: The company should have a solid track record, as per the Index Committee.

Other Indices

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Faqs

How do I calculate BSE Metal stock?

The S&P BSE Metal Index has a base timeframe of 1978–1979 and a base value of 100 index points. The formula 1978-79=100 is frequently used to denote this. S&P BSE Metal Index is calculated by multiplying the Index Divisor by the Free-Float Market Cap of the Index's 30 constituent entities.
 

Which are the best metal stocks currently available in India?

Here are the few best metal stocks currently available in this nation: 

● Adani Enterprises Ltd. 
● Tata Steel Ltd. 
● Steel Authority of India Ltd. 
● JSW Steel Ltd. 
● Jindal Steel & Power Ltd. 

What is the future of metal shares?

The requirement for steel is anticipated to increase by 17% to 110 million tonnes in the fiscal year 2022, with increasing construction projects throughout the Indian subcontinent being the main driver of this increase. Tata Steel announced a CAPEX of Rs 12,000 Crores from May 2022.

Is it the ideal time to start investing in metal shares?

Yes, these are likely great days for these market participants in India as well, with commodity prices somehow on the rise with practically every item moving up, from petroleum to iron to copper to gold. A few of these businesses have been observed reaching 52-week or lifetime highs.
 

What do you mean by metal ETF?

Metals ETFs give investors access to the values of different basic and industrial metals. Depending upon the type of investment, these ETFs could provide access to metal values via physically supported or futures-based risk, but the majority are futures-driven.
 

Could we purchase a BSE metal index?

You must purchase every share of the Index independently in equal amounts rather than the complete Index in one transaction. In addition to improved market returns, this guarantees a lower expenditure ratio. So, you can always buy a BSE metal index. 

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