• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

SAIL and Tata Steel, both large-cap stocks that form part of the main indices, ended with 5 per cent-plus gains on Friday, giving rise to hopes that steel counters may well be advancing selectively.

The case for metals such as steel is not lost, avow investment circles, adding, however, that short-term blips should not be ruled out. Other steel counters, Jindal and Essar included, too, advanced on Friday.

The metals theme took a hit in the recent past, which was reflected in an all round fall in steel stocks. Both SAIL and Tata Steel, for instance, significantly came off their then prevailing prices.

Incidentally, non-metal counters such as Hindalco and Sterlite also recorded handsome gains on Friday.

Nilanjan Dey

More Stories on : Stock Markets | Ear to the ground

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Prudential ICICI Mutual tops in asset chart

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line