Latest news with #shed
Business Times
39 minutes ago
- Business
- Business Times
US: Stocks end week mostly lower
[NEW YORK] Wall Street stocks mostly fell on Friday (Jun 20) amid weakness in some semiconductor shares as markets weighed the latest developments in the ongoing war between Iran and Israel. Markets rose after US President Donald Trump's remarks on Thursday on the Middle East, allowing for up to two weeks before possible US military action against Iran. But on Friday afternoon, Trump expressed doubt that European powers would be able to help end the Iran-Israel war, telling reporters, 'Europe is not going to be able to help in this'. The Dow Jones Industrial Average finished up 0.1 per cent at 42,206.82. But the broad-based S&P 500 shed 0.2 per cent to 5,967.84, while the tech-rich Nasdaq Composite Index fell 0.5 per cent to 19,447.41. Analysts pointed to a pullback in some chip companies following a Wall Street Journal report that said the United States could revoke waivers used by some companies to access US technology in China. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Asked about the matter, a Commerce Department spokesperson said that chipmakers will still be able to operate in China. 'The new enforcement mechanisms on chips mirror licensing requirements that apply to other semiconductor companies that export to China and ensure the US has an equal and reciprocal process,' the spokesperson added. Adam Sarhan of 50 Park Investments described the market as on edge in anticipation of new headlines on trade actions or the Middle East. 'We have a situation where tensions in the Middle East missiles are still firing, there's no ceasefire and there's a fear that the US may be involved,' Sarhan said. In light of uncertainty on Iran and other areas, 'investors are de-risking, they are selling stocks ahead of the weekend,' Sarhan said. Fed governor Christopher Waller told CNBC that central banks should 'look through tariff effects on inflation' and focus instead on the underlying trend in price increases. The Fed earlier this week voted to keep interest rates unchanged, as Fed chair Jerome Powell said the central bank could wait to see if Trump's tariffs revive inflation. Among individual companies, Kroger jumped nearly 10 per cent after the supermarket chain raised its sales forecast. However, the company refrained from lifting other projections, saying the macroeconomic environment remains 'uncertain'. CarMax surged 6.6 per cent after reporting a jump in quarterly profits as the company's CEO pointed to a 'very large and fragmented' used car market that 'positions us to continue to drive sales, gain market share and deliver significantly year-over-year earnings growth for years to come'. AFP
News18
2 days ago
- Business
- News18
Vedanta, SAIL, Hindalco Drag: What's Behind The Selloff In Metal Stocks Today? Explained
Last Updated: Metal Stocks Today: The sharp fall in the share prices pushed the Nifty Metal index down over 1 per cent to hover around 9,062 Why Are Metal Stocks Falling Today? Metal stocks lagged behind on Thursday, June 19, with the Nifty Metal index falling 1% in an otherwise flat market. This marked the third consecutive day of losses for the index, which has now shed 2.7% after a sharp 7% rally in May. The pullback is being attributed to profit-taking, a firmer US dollar, and rising geopolitical tensions, particularly in the Middle East and over stalled US–China trade talks. Profit-Booking After May Rally After a strong rebound last month, investors booked profits across the metals space. Lingering uncertainty in US–China trade negotiations has weakened sentiment around global commodities, while the surge in energy prices due to Middle East tensions has further spooked investors. Concerns escalated after US President Donald Trump hinted at potential American military action against Iran's nuclear facilities. The geopolitical stress pushed oil prices higher, raising fears over input cost inflation for metal producers, who are highly sensitive to energy price swings. Fed Holds Rates, Warns of Inflation Spike The US Federal Reserve held its benchmark interest rate steady but projected elevated inflation due to President Trump's import tariffs. Fed Chair Jerome Powell noted that tariffs will likely be passed down to end consumers, warning of 'meaningful inflation" in the coming months. Vedanta led the losses within the Nifty Metal index, slipping over 2%, followed by Hindustan Zinc, which declined nearly 1%. Other key laggards included Hind Copper, SAIL, APL Apollo, NALCO, NMDC, and Tata Steel, all down over 0.5%. However, a few stocks bucked the trend. Jindal Stainless, JSW Steel, Jindal Steel, Lloyd Steel & Engineering, and Adani Enterprises posted intraday gains, driven by company-specific tailwinds or stronger earnings. Outlook: Margin Pressures and Dollar Strength in Focus Analysts warn that elevated input costs, narrowing price spreads, and a stronger dollar could continue to pressure margins. While a strong dollar boosts export realizations, it also raises the cost of importing raw materials like coking coal, nickel, and ferroalloys. If the dollar rally persists, especially alongside a slowdown in global growth, metal demand—particularly from China—could take a hit. Indian metal companies, though positioned well domestically, may face global demand headwinds and thinner profit margins in the near term. First Published: June 19, 2025, 11:58 IST
Auto Blog
3 days ago
- Automotive
- Auto Blog
Amazon is selling a ‘spacious' $240 outdoor storage shed for just $122, and shoppers say it's the ‘perfect size'
Autoblog aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. One of the biggest issues every DIY enthusiast runs into involves storage. As you accumulate tools and equipment for your various projects, where are you supposed to keep it all? You can't keep cramming it into your garage or basement forever. A shed provides an easy solution, and for a limited time, Amazon is selling the Gizoon Outdoor Storage Shed for 49% off, dropping the price from $240 to just $122. According to buyers it delivers 'excellent value.' Gizoon Outdoor Storage Shed, $122 (was $240) at Amazon Measuring 6 feet by 4 feet, the Gizoon Outdoor Storage Shed offers plenty of space. Made of galvanized steel with a protective UV paint coating, it's designed to stand up to the elements, with a peaked roof to keep water from accumulating. The locking doors provide an added dose of security, and are mounted on heavy duty hinges to prevent sagging over time. Plastic safety trim smooths sharp edges, and the whole thing has a pleasant finish that looks great in any yard. What's more, buyers say it's 'ridiculously easy to assemble.' Plus, its subtle brown hue will match all of your other outdoor furniture and essentials. Reviewers say the shed is the 'perfect size for my outdoor tools,' 'sturdy,' and 'spacious.' One customer wrote that it's a 'nice little tool shed,' emphasizing its easy assembly. Another explained how they were 'impressed' by the clarity of the instructions and the overall 'quality of the material.' Yet another shopper agreed about the ease of assembly, noting the quality of its components, and said it's 'great looking,' ultimately declaring, 'I can definitely recommend this shed to everyone.' Buyers had already called the Gizoon Outdoor Storage Shed 'nice for the price' before the sale, but now that the price has dropped by 49%, it's a deal you can't miss. Act now to bring home the 'perfect' shed. About the Author Nick Hilden View Profile
Time of India
3 days ago
- General
- Time of India
Pink Poultry project hangs in balance amid strong opposition
Belagavi: The fate of the much-talked-about Pink Poultry Farm project, planned on the premises of the Turmuri garbage dumpyard by the Belagavi City Corporation (BCC), hangs in the balance amid strong opposition from the local villagers. The residents of Turamuri, who have been protesting for over a decade demanding the relocation of the existing garbage dumpyard, have brought the project to a standstill. The residents have been consistently demanding the relocation of the garbage dumpyard, citing persistent foul odours, an increase in stray dog population, and frequent contamination of well and borewell water in the village. Despite the many long-standing concerns, BCC officials continue to dump waste from Belagavi city in Turamuri. The daily waste generated in the city undergoes processing at Turamuri, and the wet and dry waste is segregated there. Along with this, the BCC intended to run a poultry farm on the same premises, which has been halted by the villagers, along with the local gram panchayat members. Sources said the gram panchayat members also met the women and child welfare minister Laxmi Hebbalkar and submitted a memorandum to stop the work of the Pink Poultry Farm and take steps to relocate the waste dumping yard. The BCC authorities already built a shed to establish the poultry farm with a capacity of around 2,000 birds. There were plans to distribute the eggs produced in this poultry farm among around 1,400 civic workers in the city. According to BCC sources, around 130 tonnes per day (TPD) of wet waste and 80 TPD of dry waste is generated in the city per day. BCC has plans to feed the wet waste to the birds in the poultry farm. Speaking to TOI, Hanumant Kaladagi, environmental engineer in the BCC, said, "The initiative here is modelled after the Pink Poultry project of the Chandigarh Municipal Corporation. It's a good project and won't harm the residents. However, we have halted the project following their opposition. We will try to convince the villagers and others of the importance of the project," Kaladagi said.
Mint
5 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to Israel-Iran conflict; 8 stocks to buy or sell on Monday — 16 June 2025
Stock Market Today: The benchmark Nifty-50 index, during the week ended 13 June 2025, ended slightly over 1% lower at 24,718. The Bank Nifty, too, shed 1.8% to end at 55,527.35, while realty, FMCG, metals, and auto also saw profit booking, though IT and pharma were among some gainers. In the broader markets, mid- and small-caps also ended more than 1% lower. As long as the MNifty-50 Index remains below 24,850, weak sentiment is likely to continue and could retest the level of 24,500. A breach of 24,500 could accelerate selling pressure, and the index could slip to 24,300, said Amol Athawale, VP-Technical Research, Kotak Securities. For Bank Nifty, the key support zone is between 55,000 and 55,200, added Athawale. Looking ahead, markets are likely to remain volatile amid ongoing geopolitical uncertainty and crucial central bank meetings. The U.S. Federal Reserve's upcoming policy decision will be closely tracked, as market participants look for clarity on the timing and magnitude of potential rate cuts, especially in light of mixed economic signals, said Ajit Mishra, SVP, Research, Religare Broking Ltd. Domestically, the focus will remain on the progress of the monsoon, crude oil price trends, WPI inflation data, and FII activity, added Mishra. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager, Technical Research at Prabhudas Lilladher, has given three stock picks. These include RPG Life Sciences Ltd., Goodluck India Ltd, Steel Authority of India Ltd., State Bank of India, Hindustan Aeronautics Ltd. (HAL), Paras Defence and Space Technologies Ltd., Apollo Micro Systems Ltd., and Tilaknagar Industries Ltd. 1. RPG Life Sciences Ltd.—Bagadia recommends buying RPG Life Sciences, or RPGLIFE, at around ₹ 2341.5, keeping Stoploss at ₹ 2250 for a target price of ₹ 2500 RPGLIFE, which is currently trading at 2341.5, exhibits a strong uptrend, supported by its consistent position above key exponential moving averages (EMAs). Recent price action indicates a consolidation phase and shows strong signs of an impending breakout from its consolidation phase. The technical indicators are aligning for a potential fresh upside rally. The descending trend line drawn from its earlier swing high in October 2023 has acted as a dynamic resistance zone. Today's price action marks a decisive breakout above this trend line, which could indicate a fresh bullish momentum. 2. Goodluck India Ltd.—Bagadia recommends Buying Goodluck India, or GOODLUCK, at around ₹ 997.5, keeping stop-loss at ₹ 960 for a target price of ₹ 1070 GOODLUCK is currently trading at 997.5, exhibits a strong uptrend and bullish breakout on the daily chart, and is supported by its consistent position above key exponential moving averages (EMAs). Technically, GOODLUCK is forming a strong bullish engulfing pattern on the daily chart. The price structure indicates strong institutional interest and suggests further upside potential in the coming sessions. Recent price action indicates a consolidation phase following a notable rally, with the stock maintaining levels near the 20-day EMA. 3. Steel Authority of India Ltd.—Dongre recommends buying Steel Authority of India Ltd., or SAIL, at around ₹ 128, keeping a stop loss at ₹ 124 for a target price of ₹ 138. A short-term trend analysis of the stock reveals encouraging technical signals that suggest a potential bullish reversal. On the short-term chart, a prominent bullish engulfing candlestick pattern has emerged, signaling a shift in momentum from selling pressure to buying interest. Adding strength to this view, the Relative Strength Index (RSI) has recently entered the oversold zone, indicating that the stock may be poised for a rebound from current levels. This confluence of technical indicators increases the likelihood of a near-term price retracement. 4. State Bank of India—Dongre recommends buying State Bank of India (SBI) at around ₹ 793, keeping stop-loss at ₹ 782 for a target price of ₹ 815 In the recent short-term trend analysis, the stock has shown signs of a potential bullish retracement, supported by emerging technical indicators. A reversal pattern on the chart suggests the possibility of an upward move, with a near-term target around Rs.815. The stock is currently trading at Rs.793, having established a strong support base at Rs.782. This level has held firm in recent sessions, underscoring its importance as a key demand zone. 5. Hindustan Aeronautics Ltd.—Dongre recommends buying Hindustan Aeronautics, or HAL, at around ₹ 5035, keeping stop-loss at ₹ 4950 for a target price of ₹ 5200. A recent short-term analysis of the stock reveals the emergence of a bullish reversal pattern on the chart, indicating a possible near-term price rebound. This formation suggests the potential for a move towards the Rs.5200 level, supported by improving price action. The stock is currently trading at Rs.5035 while holding above a key support zone at Rs.4950, which has acted as a reliable floor in recent sessions. This support level reinforces the bullish bias and provides a favorable base for a potential upward move. 6. Paras Defence and Space Technologies Ltd.—Koothupalakkal recommends buying PARAS DEFENCE at around ₹ 1618 for a target price of ₹ 1710, keeping stop loss at ₹ 1585. The stock after the short period of consolidation has once again indicated a positive candle formation with significant volume participation to improve the bias, and we can anticipate a further rise in the coming sessions. The RSI has shown signs of reversal to anticipate a positive trend reversal, and with the chart setup looking attractive, we suggest buying the stock for an upside target of ₹ 1710 level, keeping the stop loss at the ₹ 1585 level. 7. Apollo Micro Systems Ltd.—Koothupalakkal recommends buying APOLLO MICRO SYSTEMS at around ₹ 193.70 for a target price of ₹ 210, keeping Stop loss: at ₹ 189 The stock has witnessed a short period of correction after the steep rise, with bias overall maintained strong and currently once again indicating a reversal with a higher bottom formation on the daily chart, which has improved the bias to anticipate further upward movement in the coming sessions. The RSI has corrected from the highly overbought zone, and one can expect further gains. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 210, keeping the stop loss at the ₹ 189 level. 8. Tilaknagar Industries Ltd.—Koothupalakkal recommends buying TILAKNAGAR INDS at around ₹ 371.50 for a target price of ₹ 395, keeping the stop loss at ₹ 364 The stock after the consolidation has indicated a bullish candle formation with huge volume participation visible to anticipate a further rise in the coming sessions. The RSI has cooled off from the overbought zone and is currently well placed, indicating a positive trend reversal to signal a buy, and with much upside potential visible, it can carry on with the positive move further ahead. With the chart looking good, we suggest buying the stock for an upside target of 395 level, keeping the stop loss at 364 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
