What is LTGILTBEES and How Does a Rate Cut Affect It & Who Should Invest ?

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LTGILTBEES stands for Nippon India ETF Long Term Gilt, an exchange-traded fund (ETF) in India. This ETF tracks the performance of long-term government securities (gilts) issued by the Government of India. Essentially, it invests in a basket of long-term government bonds, providing investors with exposure to the Indian bond market, specifically focusing on securities with […]

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HEG Share Surge 30% in two days amid China’s Export Restrictions

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Actually what happened ? HEG is leading manufacturer of graphite electrodes, a key material used in steel and battery industries, This hike follows China’s announcement of strict review of export to US rules on graphite, china is major supplier, which raise concern global shortage, thus this creates opportunity for HEG in global export market (like

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India market cap down by 7.6%, losing $37 billion to settle at $4.53 trillion from $4.90 trillion in October month, making this the eight-largest decline globally

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India’s market capitalisation dropped nearly 8 percent in October, primarily driven by heavy foreign investor sell-offs. This is the steepest decline since the pandemic. Nifty is 5.7% and Sensex is 4.7% lost in October month.FIIs net sold around $10 bn worth of equities in October. On other hand DIIs enters $11.6 bn in equities supported

India market cap down by 7.6%, losing $37 billion to settle at $4.53 trillion from $4.90 trillion in October month, making this the eight-largest decline globally Read More »

Iron Ore – A Key Raw Material in Steel Production

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Australia is the world’s largest producer/exporter of iron ore, china the largest importer. India is the 4th largest iron ore producer, with significant exports. As steel production in India is up, iron ore production is expected to to increase from 278Mnt (million tonnes) to ~400Mnt in FY30. Iron ore production expected at ~400m tonnes by

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To Protect Domestic Industry, Steel Ministry Tightens quality norms & Import Rules

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India’s steel industry is facing growing challenges due to the influx of substandard steel import, particularly from China and Southeast Asia. In first five month of FY24 India become net importer of steel, with import rising to 3.45 MnT, surpassing export of 1.92 Mnt. Among these imports, approximately 400k tonnes are non-BIS(Bureau of Indian Standards)-compliant

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Current Steel installed capacities , Domestic production and consumption & Sector wise steel demand

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Domestic production and consumption (m tonnes) Domestic steel demand would be driven by infrastructure and construction, which account for ~60% of consumption, followed by automobile and general engineering ~23%. In case of premium properties, steel construction to ~13-15% of the construction cost, The share is higher in commercial building as compare to residential housing. As

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State Wise Crude Steel Capacity & Production

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Odisha is the largest steel producing state in India. The top five steel producing state is Odisha, Jharkhand, Chhattisgarh, Maharashtra, Karnataka, which account for ~66% of India’s steel production, are also leading iron ore producing states. As India add capacity under the NSP, Odisha will continue to be the largest steel producing state in India.

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