Markets Today: Nifty Ends Flat; Shyam Metalics Reports Mixed Business Performance in August
Indian equities ended Friday’s session on a mixed note as frontline indices traded volatile but recovered in late trade. The Nifty 50 and Sensex finished almost unchanged, while select midcap and smallcap stocks provided support.
Market Recap
Nifty Bank rebounded nearly 400 points from the day’s low and closed marginally in the green.
Nifty Midcap and Nifty Smallcap indices also ended higher.
Nifty Auto extended its winning streak to a third session, led by strong gains in Ashok Leyland.
Nifty Metal finished in the green, boosted by National Aluminium and Vedanta.
Nifty PSU Bank advanced, with Indian Overseas Bank and Bank of Maharashtra leading gains.
Nifty Energy and Nifty Pharma ended flat.
Nifty FMCG turned the top loser, snapping a five-session rally, with Varun Beverages (VBL) dragging the index.
Nifty IT fell for the fourth straight session, with all constituents in red, led by Persistent Systems.
Nifty Realty dropped for a second day, with Sobha and Prestige Estates among the worst performers.
The rupee closed at 88.27 per U.S. dollar, compared with Thursday’s close of 88.15, showing slight weakness.
Shyam Metalics: August 2025 Business Update
Shyam Metalics reported its operational performance for August 2025, with mixed trends across product categories:
Stainless Steel: Volume 9,378 MT (↑ 32.8% YoY, ↑ 15.8% MoM); realisation ₹1,25,786/MT (↓ 16% YoY, ↓ 4.4% MoM).
Aluminium Foil: Volume 1,503 MT (↓ 3.7% YoY, ↓ 12.3% MoM); realisation ₹4,00,667/MT (↑ 15.2% YoY, ↑ 7.7% MoM).
Pellets: Volume 1,37,392 MT (↑ 216% YoY, ↑ 56% MoM); realisation ₹9,277/MT (↑ 13.9% YoY, ↑ 8% MoM).
Speciality Alloys: Volume 14,849 MT (↓ 17.3% YoY, ↓ 32% MoM); realisation ₹90,560/MT (↓ 5.5% YoY, ↓ 3.2% MoM).
Carbon Steel: Volume 1,39,057 MT (↓ 2.1% YoY, → flat MoM); realisation ₹41,622/MT (↓ 3.2% YoY, ↓ 0.4% MoM).
CR Coil / Sheets: Volume 13,332 MT (↑ 1.5% MoM); realisation ₹73,017/MT (↓ 1.2% MoM).
HR Tube / Pipe: Volume 332 MT (↑ 381% MoM, new unit ramp-up); realisation ₹46,000/MT (↓ 7% MoM).
Sponge Iron: Volume 56,575 MT (↓ 34.5% YoY, ↓ 17.6% MoM); realisation ₹23,758/MT (↓ 1.6% YoY, ↑ 3.5% MoM).
Pig Iron: Volume 67,780 MT (↑ 20.9% MoM); realisation ₹32,536/MT (↑ 0.8% MoM).
Key Insights
Strong segments: Pellets, Stainless Steel, Pig Iron, HR Tube/Pipe.
Weak segments: Speciality Alloys, Sponge Iron, Aluminium Foil.
Pricing trends: Mixed — stainless steel and alloys under pressure, while pellets and aluminium foil saw improvement.
Outlook
Market experts said the recovery in bank, auto, and metal stocks helped the Nifty stay afloat despite weakness in FMCG, IT, and realty shares. For Shyam Metalics, robust growth in pellet volumes and better pricing in certain products provided support, though softness in speciality alloys and sponge iron remains a concern for margins.
