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The development also impacted Vedanta Ltd, the promoter of Hindustan Zinc, whose shares dropped more than 5% as investors reacted cautiously to the proposed stake sale.

Why Did Hindustan Zinc Shares Fall?

According to market reports, the government is considering selling around 2% of its stake in Hindustan Zinc to raise funds. Such stake sales often increase the supply of shares in the market, which can put pressure on stock prices in the short term.

Investors typically remain cautious ahead of large OFS announcements due to concerns about pricing discounts and increased market volatility.

Impact on Vedanta Shares

The negative sentiment was not limited to Hindustan Zinc. Shares of Vedanta also came under selling pressure and declined over 5%.

Market experts believe that any significant development involving Hindustan Zinc tends to influence Vedanta because the company holds a majority stake in the zinc producer. The proposed government stake sale has created uncertainty among investors, leading to profit booking in both stocks.

What Is an Offer for Sale (OFS)?

An Offer for Sale (OFS) is a mechanism that allows promoters or major shareholders to sell their stake in a listed company through the stock exchange platform.

The process helps large shareholders reduce their holdings while providing retail and institutional investors an opportunity to buy shares directly from the market.

Market Outlook

Analysts suggest that the near-term movement in Hindustan Zinc shares will depend on the final details of the stake sale, including the offer price and investor response. While short-term volatility may continue, long-term investors are expected to focus on the company’s fundamentals, production growth, and metal price trends.

Investors will closely monitor official announcements regarding the government’s stake sale plan and its impact on the stock’s valuation.

Key Highlights

FAQs

Disclaimer

This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.

The post Hindustan Zinc Shares Fall 6% on Reports of Government’s 2% Stake Sale; Vedanta Drops 5% appeared first on Gold Silver Reports.

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Market analysts believe that the technical structure of gold has turned weak as prices continue to form lower highs and lower lows on the daily chart. This pattern is generally considered a sign of increasing selling pressure and a possible continuation of the downtrend.

Technical Indicators Signal Weakness

Another important indicator, the Relative Strength Index (RSI), is also showing signs of weakness. The RSI is moving lower and creating fresh lower lows, which indicates that bullish momentum is fading.

The combination of weaker price action and declining momentum suggests that gold may remain under pressure in the coming sessions.

Key Levels to Watch

A major resistance key level is currently placed near ₹1,57,900. If MCX Gold breaks below this level decisively, the selling pressure could intensify.

In such a scenario, prices may move towards the next downside targets of ₹1,52,000 and ₹1,47,000 over the medium term.

On the upside, ₹1,62,500 remains a strong resistance zone. Gold prices will need to sustain above this level to regain positive momentum and revive bullish sentiment.

MCX Gold Support and Resistance Levels

BUY KARNA MANA HAI

Market Outlook

The overall technical outlook for MCX Gold remains cautious. As long as prices stay below ₹1,62,500, the market may continue to witness selling pressure. Traders and investors should closely monitor the ₹1,57,000 support level, as a breakdown below this mark could trigger a sharper correction in gold prices.

Frequently Asked Questions (FAQs)

Conclusion

MCX Gold has entered a weak phase after posting a nearly 2% weekly decline. Technical indicators continue to point towards a bearish bias, with ₹1,57,000 emerging as the most crucial support level. Traders should remain cautious and watch for a decisive breakout or breakdown before taking fresh positions.

Disclaimer

This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.

The post MCX Gold Price Outlook: Gold Falls Nearly 2% Last Week, More Downside Risk Ahead appeared first on Gold Silver Reports.

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The comments come as policymakers, including Prime Minister Narendra Modi, have flagged India’s dependence on imports of critical commodities such as copper and gold as a strategic concern.

“By the end of this year, India will not be dependent on imported copper anymore,” Pai said during a post-earnings interaction with media, pointing to new smelting capacity and recycling initiatives coming on stream.

The shift is being driven by multiple developments. The commissioning of a new copper smelter by the Adani Group in Gujarat is expected to significantly boost domestic production.

Hindalco is also ramping up its capabilities, including a 50,000-tonne copper recycling plant and a copper pipe smelter project, Pai said.

Hindalco’s copper sales stood at 487,000 tonnes in FY26, down from 491,000 tonnes a year earlier. Adani’s Kutch Copper reported sales of 113,600 tonnes in FY25 against an installed capacity of 500,000 tonnes.

India’s copper sector has been structurally dependent on imports since the closure of smelter operations at Vedanta-owned Sterlite Copper plant in Tuticorin in 2018, which turned the country from a net exporter into a net importer. Since then, rising demand from sectors such as power, infrastructure, electric vehicles, and renewable energy has further widened the gap between domestic supply and consumption.

“Considering India’s refined copper consumption is currently estimated at around 1.7 million tonnes (mnt), while effective domestic refined copper production capacity from major primary producers stands at nearly 1.2 mnt, the country continues to rely on imports to bridge the supply gap,” said Jayprakash Sahu, general manager-non ferrous, BigMint, a commodities market intelligence firm.

Refined copper imports are expected to continue in the near term until Kutch Copper stabilizes and ramps up utilisation of its 0.5 mnt capacity smelter, a process that may take time due to phased operational scaling, said Sahu.

Pai said while India may become self-sufficient in refined copper, the country will continue to rely on imported copper concentrate, the key smelting raw material, which is processed into refined copper and further into products like rods and wires.

“To be fair, we will still be dependent on copper ore coming in from outside,” Pai said, noting that domestic mining output remains limited.

To mitigate this risk, Hindalco has locked in long-term contracts for copper concentrate, with about 85% of its requirements tied up under five-year agreements, ensuring supply stability. In parallel, the company has begun exploration activities in India, with early signs indicating promising reserves, Pai said.

“What I hope will happen after five years is that at least 20-25% of our requirements we should be able to get domestically. Today we are getting about 10% based on the copper mines of Hindustan Copper,” Pai said.

On the raw material side, India is expected to remain structurally dependent on imported copper concentrates, blister copper, and copper scrap, as domestic ore availability remains limited. These imports will continue to play a critical role in supporting both primary and secondary copper production in the country. Even with upcoming smelting expansions, concentrate imports are unlikely to decline materially, given India’s growing copper demand and limited captive mining resources, said Big Mint’s Sahu.

The push for self-reliance in copper aligns with India’s broader industrial strategy, particularly as demand accelerates from energy transition sectors. Big Mint estimates copper demand will grow at 10–12% annually, driven by renewable energy, EVs, transmission infrastructure, electronics manufacturing and urbanization.

India’s copper concentrate imports rose to 1.18 million tonnes in FY25 from 1.02 million tonnes in FY24, according to Big Mint.

In FY26, Hindalco’s copper earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at ₹2,809 crore, down from ₹3,025 crore in FY26. About 25% of Hindalco’s revenue from operations came from its copper business.

Disclaimer

This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.

The post India may end refined copper import dependence this year, says Hindalco MD appeared first on Gold Silver Reports.

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यह फैसला इसलिए लिया गया ताकि फेडरल रिजर्व में कामकाज बिना रुकावट चलता रहे। अब पॉवेल तब तक इस पद पर बने रहेंगे, जब तक Kevin Warsh आधिकारिक तौर पर Fed के 17वें चेयरमैन के रूप में शपथ नहीं ले लेते।

Kevin Warsh को सीनेट से मिली मंजूरी

अमेरिकी सीनेट ने इस हफ्ते की शुरुआत में Kevin Warsh के नाम को 54-45 वोटों से मंजूरी दे दी थी। हालांकि, उनके शपथ ग्रहण की तारीख अभी तक घोषित नहीं हुई है।

Federal Reserve बोर्ड ने पॉवेल को अस्थायी चेयरमैन बनाने के पक्ष में 5-1 से वोट किया। इस दौरान गवर्नर Stephen Miran ने विरोध किया, जबकि Michelle Bowman ने वोटिंग में हिस्सा नहीं लिया।

Fed बोर्ड में फैसले पर उठा विवाद

Stephen Miran और Michelle Bowman ने संयुक्त बयान जारी कर कहा कि किसी भी कार्यवाहक चेयरमैन की नियुक्ति एक महीने से ज्यादा नहीं होनी चाहिए। उन्होंने कहा कि फेड के इतिहास में ऐसा मामला पहले कभी नहीं हुआ, जहां नया चेयरमैन पहले से सीनेट से मंजूर हो और पुराना चेयरमैन अस्थायी रूप से पद पर बना रहे।

दोनों नेताओं ने यह भी कहा कि अगर Kevin Warsh समय पर शपथ नहीं लेते हैं, तो इस अवधि को बढ़ाने के लिए दोबारा बोर्ड वोटिंग या राष्ट्रपति आदेश जरूरी होगा।

Donald Trump की मंजूरी के बाद होगी शपथ

• Kevin Warsh के शपथ लेने से पहले दो जरूरी प्रक्रियाएं पूरी करनी होंगी।
• पहली, Donald Trump को आधिकारिक कमीशन पर हस्ताक्षर करने होंगे।
• दूसरी, Warsh को कुछ वित्तीय संपत्तियां बेचने से जुड़े दस्तावेज जमा करने होंगे।

रिपोर्ट्स के मुताबिक, उन्हें सोमवार तक शपथ दिलाई जा सकती है।

Jerome Powell अभी नहीं छोड़ेंगे बोर्ड

Jerome Powell ने साफ किया है कि वह पूरी तरह Federal Reserve नहीं छोड़ेंगे। वह बोर्ड ऑफ गवर्नर्स में अपनी सीट बनाए रखेंगे, जिसका कार्यकाल जनवरी 2028 तक है।

उन्होंने कहा कि वह तब तक बोर्ड नहीं छोड़ेंगे, जब तक उन्हें यह भरोसा नहीं हो जाता कि उनके और संस्था के खिलाफ सभी कानूनी खतरे खत्म हो चुके हैं।

हाल ही में Federal Reserve मुख्यालय के नवीनीकरण में बढ़ी लागत को लेकर चल रही जांच बंद कर दी गई थी। हालांकि, संघीय एजेंसियों ने भविष्य में दोबारा जांच शुरू करने की संभावना खुली रखी है।

Stephen Miran ने दिया इस्तीफा

गुरुवार को Stephen Miran ने Fed गवर्नर पद से इस्तीफा दे दिया। उनका इस्तीफा Kevin Warsh के शपथ लेते ही प्रभावी होगा।

मिरान लगातार ब्याज दरों में कटौती की मांग कर रहे थे और फेड के कई फैसलों का विरोध करते रहे थे। अब उनकी जगह Kevin Warsh बोर्ड में शामिल होंगे।

FAQs

The post Jerome Powell बने Fed के कार्यवाहक चेयरमैन, Kevin Warsh जल्द संभालेंगे कमान appeared first on Gold Silver Reports.

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Bharti Airtel market cap

The cumulative m-cap of telecom major Bharti Airtel rose to ₹11.90 lakh crore in intraday trade on Monday, 18 May, compared to the ₹11.80 lakh crore m-cap of HDFC Bank. Meanwhile, Reliance Industries’ total m-cap stands at over ₹18.11 lakh crore.

Airtel shares jump

Bharti Airtel shares jumped nearly 3% in intraday trade on the BSE today, looking set to extend gains to the fourth consecutive session. The Sunil Mittal-led company’s stock opened at ₹1,909.35 against its previous close of ₹1,904.60 and rose 2.6% to an intraday high of ₹1,953.95.

HDFC Bank market cap

In just four consecutive sessions, the stock has jumped more than 11%, while on a monthly scale, it is up nearly 4% so far in May after a 6% rise in April. HDFC Bank shares, on the other hand, have remained flat on a month-to-date basis, while they added 5.49% in April.

Bharti Artel shares hit a 52-week low of ₹ 1,745 on 13 May after hitting a 52-week high of ₹2,174.70 on 21 November last year.

On May 13, Bharti Airtel reported a 10.5% quarter-on-quarter (QoQ) increase but 33.5% year-on-year (YoY) decline in its Q4FY26 consolidated net profit to ₹7,325 crore.

The YoY fall in profit was largely due to a high base in the year-ago period, when the company received a tax credit of ₹2,892 crore. It also recognised a charge of ₹3,161 crore for regulatory and government levies during the quarter.

After the Q4 results, brokerage firm Motilal Oswal Financial Services maintained a buy call on the stock with a target price of ₹2,180.

Motilal tweaked its estimates for FY26 actuals and built in nearly 2.4% equity dilution to account for nearly 16.3% AAF stake purchase.

The brokerage firm models a CAGR of nearly 15% in Bharti’s consolidated revenue and EBITDA over FY26-28E, driven by “flow-through of the nearly 15% tariff hike in India wireless from Q2FY27, continued acceleration in home broadband net adds, strong double-digit CC growth in Africa, and steady growth in Enterprise offerings.”

Technical experts note that the stock is correcting at this juncture. They believe one can stay invested if the stock remains above the ₹1,750-odd levels.

Bharti Airtel’s share price has been going through a congestion zone of ₹1,750 to ₹1,900 for the last 12 weeks. Last Friday, it breached this congestion range on a closing basis to the higher side.

Moving forward, Kumar expects Bharti Airtel to move north and test the ₹2,100 level in the near term. “We suggest adding long positions in this stock as long as it remains above ₹1,750 on a closing basis,” said Kumar.

Bharti Airtel has been in a structural bull market since October 2018. However, the stock is experiencing a correction from the high of ₹2,174 made in November 2025.

“Despite the rally over the past few days, the stock still seems to be in a corrective phase, and another leg of correction may be seen over the next few months. Though the stock is now trading above all the major exponential moving averages, the crossovers between moving averages are still negative, and there’s no clear bullish evidence as of now,” said Thukral.

Thukral underscored that the stock prices have formed a higher high with the break of ₹1,906, the high made on 30 April 2026. But the combination to call for an immediate uptrend or downtrend in the stock is incomplete, and we don’t suggest any fresh entry in the stock.

“We don’t believe that the stock has completed its corrective phase in the last 7 months against the rally of 7 years, and the correction is still ongoing, which could end somewhere near ₹1,500 to ₹1,600 levels in the months to come,” said Thukral.

“Investors looking for outperformance or positive returns in the coming few months should avoid buying in the stock; however, they could look for fresh buying opportunities on evidence of completion of the correction near ₹1,500 to ₹1,600 levels,” said Thukral.

Disclaimer

This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.

The post Bharti Airtel Becomes India’s Second Most Valuable Company, Beats HDFC Bank in Market Cap Race appeared first on Gold Silver Reports.