The Nifty Metal Index has surpassed other sectoral indices to log maximum gains in the past year. It has even outshone the benchmark index. But analysts feel the current trend is a business cycle instead of a supercycle. Besides, the metals index has a high beta against the Nifty, which makes it a risky bet.
Being an analyst isn’t easy — be it one on the Wall Street or the Dalal Street. Most are criticized for being arm-chair analysts who do not have their ears to the ground. But commodity analysts, especially metal analysts, are respected as they track an essential aspect of the economy that gives them precise information of growth trajectories. If they get the direction of metals correct, they get the economy right. It is a job of great skill and
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