CBAM rules tighten pressure on Turkish steel exporters Sensex rises as rupee recovery lifts market mood Nippon Steel profit crashes 95% in fiscal year Steel prices retreat as seasonal slowdown nears
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 : Metal Stocks in Focus: JSW Steel, Jindal Stainless, Hindalco on Radar Tata Steel Q1 Profit Rises, Despite Lower Revenue
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