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Tough Road ahead for the Banking Sector

Tough Road ahead for the Banking Sector

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Banking sector was in doldrums even before the pandemic hit the markets. Geyatee Deshpande takes stock of the current situation in the banking sector and advises caution before investing in any financial stock while also highlighting the factors one should look at before choosing banking and financial stocks for investments. 



 

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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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