Proving their Mettle

Non-ferrous metal stocks have caught investors’ fancy over rising demand-supply mismatch


The market seems to be at crossroads, with macro-economic indicators — that were supporting the rally — going through a pincer. Brent crude’s futures has inched up by 10% year till date (YTD), amid political instability in the world’s top oil exporter — Saudi Arabia. On the other hand, US Fed is set to embark on a rate hike, beginning December. Higher interest rates in the US, means a stronger dollar and weaker rupee, which could lead to raw materials getting dearer for Indian companies.