Quarterly Results

Electronics India and Billionbrains Garage Ventures (Groww) were the top losers from the Nifty Midcap 100, falling up to 6 per cent each.

Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each

Geopolitical tensions may raise freight costs due to higher crude prices, which could affect margins as power, fuel and water account for about 7 per cent of revenue

According to analysts, the broader weakness in metal stocks reflects the risk-off sentiment across global markets amid rising geopolitical tensions

Analysts said that mid and small cap stocks are currently absorbing the impact of a broad-based domestic and global sell-off

Metal shares declined on Wednesday, following weakness in global markets and a broad-based risk-off sentiment triggered by escalating geopolitical tensions in West Asia

Individually, Hindalco and Nalco shares fell as aluminium prices peaked, which does not bode well for Indian aluminium companies, as it may impact their earnings, according to InCred Equities

Thus far in CY26, the Nifty Metal has been the best performing sectoral index that moved up around 10 per cent, ACE Equity data shows. In comparison, the Nifty 50 index lost nearly 1 per cent

Hindustan Copper Ltd (HCL) has said it is well-positioned to make a strategic entry into the critical minerals sector, leveraging its expertise in hard rock mining and mineral beneficiation. The move will contribute significantly to the nation's technological and economic priorities. "Leveraging its proven expertise in hard rock mining and mineral beneficiation, HCL is well positioned to make a strategic entry into the critical minerals sector and contribute significantly to the nation's technological and economic priorities," Hindustan Copper has said in a statement. The PSU is aggressively expanding into the exploration and development of critical minerals to support the country's green energy transition and reduce dependence on imports. HCL has signed multiple agreements with PSUs like Oil India Ltd and Coal India Ltd to explore, mine, and develop critical minerals (copper, nickel, cobalt) and rare earth elements. The company has reported more than a two-fold jump in consolidat

Drumil Vithalani, technical analyst at Bonanza decodes trading strategy in Nifty Metal, as the index slumps over 9 per cent in two trading sessions.