Sesa Sterlite Gains Nearly 3% as Iron Ore Prices Rebound

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

    Shares of Sesa Sterlite rose nearly 3 per cent in early trade on Bombay Stock Exchange (BSE) following a rebound in the iron ore prices overseas.

    Chinese iron ore futures bounce back, and were on course for their second-biggest daily gain this year.

    Sesa Sterlite Gains Nearly 3% as Iron Ore Prices Rebound

    Investment bank Morgan Stanley in a note said that regulatory hurdles (for Sesa Sterlite) relating to restarting iron ore mining appear to be reducing.

    The shares of the company rose 2.71 per cent to Rs 216.25 a piece on National Stock Exchange.

    In a similar fashion, shares of the company rose 2.49 per cent to Rs 215.95 a piece on National Stock Exchange.

    Meanwhile, the broader benchmark Sensex was quoting at 28,996.75, up 3.39 points or 0.01 per cent at 11.15 hours.

    Read more about: sesa goa
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more