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Pump Up Your Portfolio

Pump Up Your Portfolio

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The current state of equity markets is a good example about why they get perceived as complex and perplexing. The daily wild fluctuations consisting of sharp up moves on one day followed by sharp drops on the other makes the science around it exceedingly difficult to ascertain. However, the current volatility and fearfulness is promising to be an excellent opportunity, once again. Just the way we advised you all to build up your portfolio over 8-12 weeks last year starting from the month of April 2020, we would like to repeat a similar piece of advice now. The next 4-8 weeks should be taken as a good time to deploy funds into a portfolio from a long-term perspective. The weakness the market is facing owing to the second wave and lockdown measures is an opportunity in disguise.   

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NMDC surges over 3 per cent post hiking iron ore prices

Ganesh V / Article rating: 4.5

NMDC today announced a hike in the prices of iron ore. The prices of lump ore (65.5 per cent, 6-40 mm) increased 18.80 per cent to Rs 6,950 per tonne as of April 14, 2021, compared with Rs 5,850 per tonne as of April 3, 2021. The prices of iron ore fines (64 per cent, -10 mm) jumped 10.96 per cent to Rs 5,060 per tonne as of April 14, 2021, as against Rs 4,560 per tonne as of April 3, 2021.

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