News for Hindustan Copper Limited (HINDCOPPER.NS)

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

JSW Group wins the MDO contract for two copper mines in Jharkhand from Hindustan Copper Limited (HCL)

The Indian market closed lower on Friday, ending a three-day winning streak, primarily due to losses in Infosys and Axis Bank following their quarterly results. Weak sentiment in IT and banking stocks, coupled with concerns about earnings growth and liquidity, led to the decline. The BSE Sensex fell by 0.55% and Nifty 50 declined by 0.47%, as investors adopted a cautious stance.

HCL appoints SWML to reopen Rakha Copper Mine in Jharkhand, generating jobs and reviving dormant operations.

Hindustan Copper Limited awarded a Rs 2700 crore tender to South West Mining Limited for re-opening and expanding Rakha Copper Mine in Jharkhand. The project also includes the development of a new underground mine at Chapri and commissioning of a new concentrator plant. The mining operation is set to resume after over 20 years.

AMFI rejig: Stocks that have been excluded from the largecap list included Adani Total Gas, IDBI Bank Ltd, Shree Cement Ltd, Union Bank of India Ltd and BHEL.

Sensex, Nifty: There is a high probability of

November 12 brings significant developments for India’s markets, economy, and culture. Sagility India and Mangal Compusolution Ltd are launching IPOs today, while five major stocks face trading bans on the NSE’s F&O segment. In Delhi, air quality remains critical with an AQI in the ‘very poor’.

The plan, drafted by the Union commerce and industry ministry in discussion with the Prime Minister’s Office, envisages creating country-specific dedicated investment funds to acquire majority equity stakes in foreign critical minerals companies to generate capacity for India.

Kutch Copper is negotiating with BHP to acquire up to 1.6 mtpa of copper concentrate, valued at around ₹30,000 crore annually. The venture aims to support Kutch Copper's greenfield refinery project at Mundra, making it the world's largest single-location custom smelter at full 1 mtpa capacity.

In the absence of any major triggers, market participants will focus on upcoming earnings for direction. In today's trade, shares of banking heavyweights HDFC Bank and Kotak Bank will be in focus following Q2 results.

The short-term trend of Nifty continues to be choppy and the market is now placed within a broader range of 25,200-24,900 levels. A decisive move above 25,200 levels could open the next upside of around 25,500-25,600 levels in the near term. Immediate support is placed at 24,900 levels, said Nagaraj Shetti of HDFC Securities.

Support for Nifty is now seen at 24,950-25,000 and 24,750. On the higher side, immediate resistance is at 25,100 levels and the next resistance zone is at 25,250-275 levels, Tejas Shah of JM Financial & BlinkX.

A decisive move above 25,000 levels could possibly open the next upside resistance of 25,400-25,500 in the near term. Immediate support is at 24,700, said Nagaraj Shetti of HDFC Securities.

Nine stocks including Bandhan Bank, Birlasoft, GNFC, and others are banned from F&O trading on Tuesday. This happens when open interest crosses 95% of market-wide positions limits. The bans will reverse if the open interest falls below 80%. The Indian stock market indexes Sensex and Nifty also ended lower due to multiple factors.

Five stocks, including Aditya Birla Fashion and Retail, Granules India, Hindustan Copper, Vodafone Idea, and Indian Energy Exchange, are under F&O trade ban on Thursday. The ban occurs when open interest crosses 95% of market-wide position limits. It is lifted only if open interest falls below 80%. Nifty and Sensex closed at fresh highs despite a weak start.

Derivatives market update for Sept 19: Options data hint that short term support for Nifty is at 25,250; while upside momentum is expected above 25,500, says Sahaj Agarwal of Kotak Securities.

Derivatives market update for Sept 18: Foreign investors continue to hold bullish bets in Nifty, Bank Nifty; while retail investors have increased short positions. Here's what experts have to say: F&O insights

Derivatives market update for Sept 17: The premium in Nifty Sept futures jumped to 58 pts, and Bank Nifty to 100 pts; whereas, the PCR declined to near 1 levels indicating positive to sideways trend.