Stocks to cash in on India's boom, according to AllianceBernstein
AllianceBernstein analysts expect India to give "one of the highest returns among key markets throughout the world for the next several years."
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AllianceBernstein analysts expect India to give "one of the highest returns among key markets throughout the world for the next several years."
On October 13, Trendlyne reported the emergence of the Golden Crossover in over 40 Nifty stocks. ETMarkets has handpicked 10 stocks from this set that have experienced this powerful pattern.
The Union Cabinet has reportedly approved royalty rates for critical minerals in India. The decision comes as the government prepares to auction critical mineral mines, including those containing nickel, lithium, cobalt, platinum, and rare earths. The move is aimed at attracting investment and development in the mining sector. India's mineral royalty rates are currently among the highest in the world, which has impacted the competitiveness of the sector. The auction for lithium reserves in Jammu and Kashmir is expected to take place soon, with overseas miners expressing interest.
In August, there were reports of India getting prepared to start the auction process for some 100 critical mineral blocks. According to a Bloomberg report, Bharadwaj had revealed that the blocks that are being prepared for auction includes nickel, lithium, cobalt and platinum, along with rare earths.
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