The metal major trades at ₹158.21, down 0.97% in early trade on July 1, as sector sentiment cools after recent gains.
July-1, 2025: Tata Steel Ltd (NSE: TATASTEEL) saw a dip in early morning trading on July 1, slipping ₹1.55 or 0.97% to ₹158.21 as of 10:16 AM IST. The stock opened lower and continued to trade under pressure following subdued global cues and profit booking in metal counters.
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The previous close stood at ₹159.76. Despite recent strength in global steel prices, investor sentiment remains cautious as market participants weigh inflation concerns and slower-than-expected infrastructure demand recovery in key markets.
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Tata Steel has been in the spotlight for its strategic expansion in Europe and ongoing capital expenditure plans domestically. However, short-term volatility continues to reflect macroeconomic uncertainties.
Meanwhile, in other market movers:
- State Bank of India (SBI) was trading at ₹813.90, down 0.79%.
- Tata Chemicals Ltd declined 0.57% to ₹931.30.
- IndusInd Bank fell 0.41% to ₹868.55.
- NTPC Ltd dropped to ₹333.40, down 0.45%.
- Indian Oil Corporation (IOC) stood at ₹147.37, marginally lower.
Market experts suggest watching Tata Steel closely this week for volume signals near the ₹155 support level.
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