VST Industries shares slide 4% after Q1 profit drops 25%, revenue falls 13%

The Securities and Exchange Board of India’s (Sebi) latest survey shows how hard it is to wean retail traders off using futures and options as gambles. While this might warrant stronger deterrence than Sebi’s 2024-25 measures, market interests must prevail.

Exchange-traded funds for gold and silver experienced marked declines on Thursday, even as global precious metal prices held steady. Anticipation surrounding a potential cut in government import duties on these commodities has emerged, which could lower their costs in India. This speculation is driving increased selling activity in domestic ETFs.

Vedanta Aluminium shares surged after Emkay initiated coverage with a ‘Buy’ rating and a Rs 550 target, citing strong medium-term prospects. The brokerage anticipates a global aluminium deficit through 2028, driven by robust demand and supply constraints. Emkay believes structural cost reductions through backward integration will fuel earnings growth, positioning Vedanta Aluminium as a low-cost…