Nifty Metal Index

Hindustan Copper surged 19% while National Aluminium and Jindal Steel also gained, driven by rising metal prices and a weaker US dollar. The Nifty Metal index climbed to a record high, reflecting strong investor sentiment amid geopolitical tensions.

All 15 Nifty Metal constituents were in the red at the time of writing this report. Hindustan Zinc emerged as the worst-performing metal stock, losing nearly 5% to trade at ₹599.25, its lowest level since August 2024.

Hindustan Copper jumped 6.6% to the day’s high of ₹361.80 apiece, while Vedanta, Adani Enterprises, National Aluminium, SAIL, NMDC, and Hindalco Industries also traded with gains in the range of 0.50% to 1.3%.

The Nifty Metal index closed in the green for the fifth straight day on Thursday, September 11, gaining nearly 2% and rising to its highest level in nearly 11 months. During this period, index stocks have also gained up to 6%, with Adani Enterprises among the top leaders.

Stock Market Today: The Nifty Metal Index has been rebounding up almost 5% in a week. After volatile H1CY25, hopes rise on recovery and better H2 led by improving base metal prices and strong demand for ferrous and non-ferrous, even though monsoons may impact steel price in the near term

Stock Market Today: The Nifty Metal Index gained more than 2% in the intraday trades on Tuesday following the Israel-Iran ceasefire news. From Tata Steel to SAIL, share prices of various metal stocks gained up to 4%, while NMDC Hindustan Copper were also among the key gainers

Amid the sharp crash in the Indian stock market today, June 12, metal counters emerged as one of the top casualties, with the 15-constituent Nifty Metal index declining 1.55%. However, this fall comes on the heels of a nearly 4% rally seen in the last one week.

Tata Steel, Adani Enterprises, Hindustan Copper, Vedanta, and Hindalco Industries have gained up to 14% so far this week as easing US-China trade tensions boost investor confidence in metal stocks. The Nifty Metal index surged 9.17%, marking its largest weekly gain since May 2021.

The tit-for-tat trade policies have raised fears of a sharp fall in demand for copper, zinc, and other industrial metals, as both the U.S. and China together account for 45% of global GDP, impacting metal stocks back home.

Indian metal stocks suffered significant losses for the second consecutive session as the US-China trade war escalates, with the Nifty Metal index falling 8.60% to a 52-week low. Major companies like Tata Steel and Hindalco faced declines amid concerns over global economic repercussions.