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Copper rose sharply on Thursday following a Bloomberg News report saying China was considering allowing local governments to sell $220 billion of special bonds in the second half of this year to boost infrastructure funding.

JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 137854.08 Crore) operating in Metals - Ferrous sector.

"Our market is likely to remain upbeat in the near term, wherein any minor dip could be seen as an opportunity for the bulls to add long positions. We would like to reiterate not being complacent with the gains and to stay abreast with daily developments across the globe," said Sameet Chavan of Angel One.

“China has a big structural growth issue and as it is and the issues they have got into is due to high fixed investments and miss-utilisation. On top of that, if they are going to invest so much more. I think China is getting into deeper trouble but that is for the longer term. For the short term, it could create some excitement in some commodities.”

“Within largecap auto space, we remain positive on Maruti Suzuki. The stock remained resilient in recent correction and is witnessing breakout from four months of consolidation, signalling resumption of upmove and fresh entry opportunity,” Dharmesh Shah, Head – Technical, ICICI direct said in a note.

"We are style agnostic, and we do not differentiate between value or growth style factors. We think value is not a statistical measure. A company’s worth is the present value of its future cashflows. However, it has become popular to use price multiples as a crude approximation of this. We believe that relative valuation measures, whilst useful, need to be interpreted carefully."

As of 31-Mar-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.83 per cent and domestic institutional investors had 6.25 per cent.

“The measures will not shake out any uncertainty investors have about China. It will lift the markets in the short term but we want to see China actually turn around in terms of the services, manufacturing, retail and sales post the recent severe lockdowns in certain regions of China, for traders to get a more sustained belief this is not just something to grab headlines and temporarily lift sentiments.”

EV Co will focus on four-wheel (4W) passenger electric vehicles, it added. The total capital infusion for EV Co is envisaged to be around Rs 8,000 crore or $1 billion between Financial Year 24 and FY 27 for the planned product portfolio, the automaker noted.

While Musk has already made comments putting his commitment to the deal in doubt, the latest report cited an anonymous source saying his team is preparing for a "change in direction."