Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Indian stock markets opened on a positive note as the Sensex gained around 120 points and the Nifty moved above 23,400, supported by a recovery in the rupee and slight easing in crude oil prices. The rebound helped benchmark indices break a four-session losing streak, bringing relief to investors after recent pressure from currency weakness and global uncertainty.
For the steel and metals sector, the session carried a stronger signal. Nifty Metal emerged as the top sectoral gainer, rising over 1%, while Tata Steel was among the key Sensex stocks trading in the green. Broader market sentiment also improved, with midcap and smallcap indices gaining nearly 0.7% each.
However, market experts remain cautious as high crude prices, foreign investor selling and geopolitical risks continue to weigh on India’s macro outlook. A stable rupee and sustained buying in metal, banking and large-cap stocks will be key triggers for further market direction. For steel market participants, the positive move in metal stocks reflects improved investor appetite, though volatility may remain elevated in the near term.
Also Read : ArcelorMittal’s 1GW Green Energy Project Powers Nippon Steel Wadsa–Armori Rail Line to Accelerate Gadchiroli Steel Hub Growth
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