India; Heavy Industry pulling more than its weight in the NSE and SENSEX

India; Heavy Industry pulling more than its weight in the NSE and SENSEX

​While India is dealing with one of the worst health crises in its history, its leading stock indices are holding steady. The stability is likely linked to the rise in heavy commodity prices such as copper and aluminum. Indian heavy industry companies included in these indices are benefiting greatly from the increase in commodity prices. The share price in some heavy manufacturers is up by more than 20% over the month.

With the rise in commodity prices, the NRI has strengthened to yearlong highs against the USD. In contrast, the NRI is struggling to gain ground against its other major partners.

Read the full story at fxstreet.com

Most Traded

Trading Opportunities

Major events in Euro Area and US on Friday

25% chance of RBNZ rate hike on Tues?

Next week’s key events for traders

USDJPY watch: Inflation release to shape yen’s path?

Limited offer:

Get Free

The TraderKeys keyboard can take your gold trading to the next level, with preprogrammed hot keys enabling you easily execute and modify trades.

Join Now