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Virus Scare Grips Markets Again

Virus Scare Grips Markets Again

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The automotive sector seems to be in for a tough ride as shortage of semiconductor chips has hit the automobile players

The global indices enjoyed bullish sentiments during the fortnight while Indian benchmark indices underperformed and grappled with various obstacles. The domestic benchmark indices came under pressure during the fortnight on account of a sharp rise in corona virus cases in the country, leading to rising concerns over its impact on economic activity. India recorded its highest ever new cases numbers on Sunday i.e. April 4, 2021. As a result, investors have remained cautious over a fear of a further rise in numbers across states and its impact on the economic activity as lockdowns and movement restrictions are being implemented on a stricter note once again.   

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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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