India Investors Pile Into Metal Stocks as Silver, Copper Soar

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Welcome to Markets Daily India, where our journalists bring you key insights and news on this fast-growing market before the trading day starts. Many of you may have been familiar with India Market Buzz. Markets Daily India is from the same team, but delivered straight to your inbox. If you haven’t yet, sign up here.

It’s Friday! And it’s me, Ashutosh Joshi, serving up your daily dose of market news and analysis.

Asian stocks are up for a fifth straight day, poised for yet another record close. In Mumbai, where trading is set to resume after an election holiday, it will be interesting to see if Infosys’ results bring some spark — the Nifty 50 is only flat for the week. The software major raised its annual sales forecast Wednesday evening, suggesting that the prolonged slump in IT spending may finally be easing. Stock bulls will be looking for more evidence of that when smaller rival Wipro reports later today. That said, for Nifty watchers, index heavyweight Reliance Industries’ December-quarter earnings will likely hold more sway. This round of results matters more than usual, as markets look for reassurance that oil refining, petrochemicals, and telecoms can help stabilize sentiment after the stock’s roughest start to a year since 2023.

In today’s newsletter, we look at how: