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On Tuesday, 1992 stocks advanced, 1811 declined and 126 remained unchanged, with an advance decline ratio of 1.09 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
The company will boost capacity at its recently acquired Neelachal Ispat Nigam Ltd (NINL) to 5.5 million tonnes per annum (mtpa) from the present 1 mtpa, said Ashish Anupam, vice-president, long products at Tata Steel.
In the past week, the market experienced some turbulence, particularly on Wednesday when a significant dip was observed, impacting small- and mid-cap stocks. Approximately 668 stocks suffered a decline of more than 4.5%.
On Tuesday, 1896 stocks advanced, 1865 declined and 143 remained unchanged, with an advance decline ratio of 1.01 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
Kalinganagar plant expansion by Dec 2024, says Tata Steel orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
"We are aiming to complete the project and make it operational by December end next year," Rajiv Kumar, vice-president, Operation, Tata Steel Kalinganagar (TSK), told PTI in an interaction.
On Monday, 2173 stocks advanced, 1714 declined and 141 remained unchanged, with an advance decline ratio of 1.26 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
Tata Steel to complete Kalinganagar project expansion: Vice President Rajiv Kumar thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Investors in India rode the sleigh of a dovish U.S. Federal Reserve, which hinted at three rate cuts in 2024, leading to a global surge in equities. On December 15, the Indian market joined the global rally, marking another session of bullish momentum.