India’s share in EU imports could potentially increase in the near term, said Nomura India, but it felt that supply disruptions could lead coking coal prices to rise above the already elevated levels and hurt steel spreads for Indian steelmakers.

The IEA said it will continue to monitor energy markets and could recommend additional stockpile releases if need.

The stock quoted a 52-week high price of Rs 2587.95 and low of Rs 1690.85.

Promoters held 51.32 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 16.92 per cent and 3.64 per cent, respectively.

The risk-sensitive Australian dollar slipped 0.15% to $0.72525 after earlier touching a nearly one-week high of $0.72670. The Reserve Bank of Australia held the key rate steady at a record low on Tuesday, as expected, noting that the Ukraine conflict added a new source of uncertainty to the outlook.

FINANCE-CRYPTO-NEW-YORK-VENDING-Move over candy bars, New York vending machine now selling NFT art

Tata Steel’s scrip rose to a high of Rs 1,266 as against Rs 1,220.75 at previous close on the National Stock Exchange.

The Relative Strength Index of the stock stood at 48.79 on Wednesday.

The company reported total sales to the tune of 2, 81,714 units in February as against total sales of 2, 97,747 units in the same month last year.

Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 35.31 per cent and 1.56 per cent, respectively.