- SPOT
Pivot Levels
| Type | Classic | Fibonacci |
|---|---|---|
| R1 | 29,200.15 | 29,011.97 |
| R2 | 29,487.32 | 29,193.49 |
| R3 | 29,969.33 | 29,487.32 |
| PP | 28,718.14 | 28,718.14 |
| S1 | 28,430.97 | 28,424.31 |
| S2 | 27,948.96 | 28,242.79 |
| S3 | 27,661.79 | 27,948.96 |
FAQs
What is the BSE Metal Index?
The BSE Metal Index tracks the performance of companies involved in the metal industry, including those engaged in mining, production, and distribution of metals such as steel, aluminium, and copper. This index provides insights into the performance of the metal sector, reflecting the growth, demand, and pricing trends of metals within the Indian market. As one of the key raw materials in industrial production, the metals sector offers promising investment opportunities through this index.
How many companies are part of the BSE Metal Index?
The BSE Metal Index includes 11 major players such as Tata Steel Ltd, Hindalco Industries Ltd, JSW Steel Ltd, Vedanta Ltd, and National Aluminium Company Ltd (NALCO). These companies are selected based on their market capitalisation, liquidity, and relevance to the metal industry. The index is reviewed twice each year to ensure it includes the leading companies in the metal sector. Stock weights are determined by free-float market capitalisation, providing a balanced representation of the industry's performance. Companies with a higher market cap are given a higher weightage in the index.