Pokarna soared 4.34%, Ashapura Minechem up 1.63% and Oriental Trimex up 0.82%, among the top gainers.
Orissa Minerals Development Company down 8.45% NMDC Ltd down 1.85% Aro Granite Industries down 1.41% Madhav Marbles and Granites down 1.41% Coal India down 0.85% MOIL down 0.68% The NSE Nifty 50 index closed 37.8 points higher at 19749.25 while the 30 share BSE Sensex closed at 66795.14.
Infosys up 3.67% Asian Paints up 1.53% HCL Technologies up 1.17% Reliance Industries up 0.72% Hero MotoCorp up 0.8% up 0.72% ICICI Bank up 0.57% Bajaj Auto up 0.57% and Wipro up 0.47% standing among the top gainers in the Nifty pack.
LTIMindtree Ltd's share was down 2.6%, down 1.59%, Britishannia Industries' down 1.54%, State Bank of India's down 1.46%, Bajaj Finance's down 1.22%. Pokarna climbed 4.34%, Asia's Ashapura Minechem up 1.63% and Oriental Trimex up 0.82%. Orissa Minerals Development Company down 8.45% NMDC Ltd down 1.97%, Madhav Marbles and Granites down 1.41%, Gujarat Mineral Dvpt Corporation down 0.68% and 20 Microns down 0.30% were among the top losers of the day. The NSE Nifty 50 index had an increase of 37.8 points to 19749.25, while the 30-share BSE Sensex had a rise of 205.21 at 66795.14. Infosys up 3.67% Asian Paints up 1.53% HCL Technologies up 1.17% Reliance Industries up 0.72% Hero MotoCorp up 0.8% up 0.72% ICICI Bank up 0.57% Bajaj Auto up 0.57% and Wipro up 0.47% were among the top gainers in the Nifty pack. LTIMindtree Ltd down 1.59% down 1.54% state bank of India down 1.54% Bajaj Finance down 1.22% Tata Motors down 1.03% and Divis Laboratories down 0.99% closed in the red.
10 Comments
Leonardo
The growing global population and industrialization in emerging economies continue to drive the demand for minerals and resources, creating opportunities for mining companies.
Raphael
Mining companies often distribute a portion of their profits as dividends, providing regular income for investors.
BuggaBoom
The mining industry plays a significant role in job creation, infrastructure development, and revenue generation for governments, contributing to overall economic growth.
Katchuka
Mining operations often require the establishment of infrastructure such as roads, railways, and power supply, contributing to local development in remote areas.
BuggaBoom
Mining operations can face opposition from local communities and indigenous groups who may view the activities as detrimental to their livelihoods, cultural heritage, and land rights.
Comandante
During economic downturns, the demand for minerals and resources tends to decrease, negatively impacting the profitability of mining companies.
Bella Ciao
Mining activities often have detrimental effects on the environment, such as deforestation, pollution of water sources, and destruction of ecosystems.
Katchuka
The fluctuating nature of the mining industry makes it a risky investment, with the potential for sudden downturns in share prices.
Korsika
The increasing demand for technological minerals, such as lithium, cobalt, and rare earth elements, presents investment opportunities in mining companies specializing in these resources.
Comandante
The mining industry is subject to numerous regulations and policies, which can change over time and potentially impact the profitability and operations of mining companies.