Nifty Metal Index

Nifty Metal is the leading sectoral performer on NSE following a 18% rally, adding ₹1,60,503 crore to investor wealth. At the same time, the Nifty 50 index has slumped by over 8%.

Indian metal stocks have shown significant recovery in April, with the Nifty Metal index rising 14.4%. Contributing factors include easing Middle East tensions, a weaker US dollar, and rising base metal prices, notably aluminium, which reached a four-year high amid supply concerns.

Nifty Metal index is down 10.8% in March so far, and on track to not only snap their three-month winning run but also to post the worst fall since February 2023.

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.