Data from the coal ministry showed that from about 50 auctioned coal mines under the private sector since February 2020, at least three have become operational. Overall, since 2019, about 27 coal mines, across all sectors, have been operationalised so far.

The government is planning to introduce the second edition of the PLI scheme for specialty steel to boost production of value-added steel in the country, Union Minister of Steel Jyortiraditya Scindia said at the PLI Scheme for Specialty Steel MoU signing event.

The NSE Nifty index closed 13.45 points up at 16985.6

The NSE Nifty index was trading 10.35 points up at 16982.5

The NSE Nifty index was trading 62.35 points down at 16909.8

Tapi Fruit Processing Ltd., Network People Services Technologies Ltd., Vera Synthetic, W S Industries and Binani Ind, hit their fresh 52-week highs at 10:09AM.

Motilal Oswal Financial Services has maintained its ‘neutral’ rating on JSW Steel stock with a target price of Rs 710.

Motilal Oswal recommended Neutral rating on JSW Steel with a target price of Rs 710 in its research report dated March 13, 2023.

With the recent price increase, there should be seen margins improving in the near term.

Jefferies upgraded Bharti Airtel to buy with a target price of Rs 900. Share gains among 4G users is driving ARPU for the telecom major. Intensifying focus on boosting ARPU and improving tariff outlook are all positives for the stock. An effective duopoly is in the works, and the risk-to-reward ratio is turning favourable.

"China's economic data is showing signs of recovery with manufacturing PMI rising to an 11-year-high and property prices starting to stabilize. After a 23% fall in CY22, China export steel price is up 14% in CYTD 2023," global brokerage firm Jefferies said.

Indian metal companies have underperformed most of their global peers in 2023, which Jeffries says is a buying opportunity

The NSE Nifty index closed 117.1 points up at 17711.45

The NSE Nifty index closed 45.45 points down at 17465.8

We saw lot of merchant power prices crash by that time and that overcapacity got absorbed in last four-five years and now we have to tighten our belt in order to increase the capital investment in the power sector in order to mitigate this kind of a demand growth.

Asian Paints, Titan Company, HDFC, Tata Consumer and IndusInd Bank were among the top losers on NSE.

The NSE Nifty index was trading 54.45 points up at 17899.05

#JSWSTEEL Yesterday the stock has given tradeline breakout and is now ready for bullish run For Option and Intraday Feb 15 2023Target 738/75

The second is the domestic steel demand, which remains robust at this point and is also reflected in the consistent feedback from Indian steel companies in earnings calls. Thirdly, with the removal of export taxes, the export market has opened up, a positive for steel companies

#JSWSTEEL Yesterday the stock has given tradeline breakout and is now ready for bullish run For Option and Intraday Feb 15 2023Target 738/75

The company's crude steel production was at 16.46 lakh tonnes (LT) in January 2022, JSW Steel said in a regulatory filing.

JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 174958.42 Crore) operating in Metals - Ferrous sector.

In Q3, steel companies also saw a decline in their profit, which led to a further fall in stock prices. Tata Steel in Q3 FY23 reported a consolidated net loss of Rs 2,224 crore for the December quarter, while the company had posted a profit of Rs 9,572 crore in the last-year same period

The NSE Nifty index closed 21.75 points up at 17893.45

Out of the 32 brokerages covering JSW Steel, 26 of them had a "sell" or "hold" rating, with high valuations of the stock remaining a concern

The NSE Nifty index closed 89.45 points down at 17764.6

Overseas lenders will have to pay as much as 20% tax on interest earned on loans made to Indian companies starting July 1 and are likely to pass on the costs to borrowers, according to more than a dozen executives. The increased withholding tax rate would impact several big-ticket foreign funds, said market experts.

​The participation by some of Indias biggest corporate names, some with potentially rival business interests, comes as the Hindenburg Research allegations against Adani are seen by some domestically as threatening the countrys economy at large.