Metals

Copper headed for its highest-ever close and other metals advanced as traders shrugged off the apparent deadlock between the US and Iran to join a broader rally for risk assets.

MCX silver rate today: Silver prices are recovering from a January plunge but remain significantly down from record highs. The market is influenced by a strengthening US economy and geopolitical factors, while analysts note ongoing volatility and potential support levels for future price movements.

London Metal Exchange, the world’s biggest metals bourse, suffered a one-hour trading outage at the open, leading to a delayed start on Friday amid sharp gyrations in the metal prices this week.

Ross Maxwell, Global Strategy Operations Lead, VT Markets, said that for investors who missed the precious metals rally, copper is increasingly viewed as a strategic opportunity rather than a speculative chase.

Stock market today: The stock market ended positively today, with Nifty 50 and Sensex rising due to strong performances in metal and banking sectors. Key stocks like Tata Steel and Kotak Mahindra Bank led the gains amid optimism for upcoming economic policies.

Indian equities ended September positively, with the Nifty 50 up 0.75%. Despite earlier losses and mixed sector performances, analysts suggest sectors like metals, healthcare, and renewable energy are poised for growth, driven by domestic demand and supportive policies.

Indian metal stocks fell up to 2%, with major companies like Lloyds Metals & Energy and Vedanta facing significant losses. Global trade tensions, particularly US tariffs on steel and aluminum, are affecting market sentiment and raising concerns over future metal demand.