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.
Metal stocks slide: Share price of Hindustan Zinc, NALCO, Vedanta and Hindalco Industries were down 8% to 14% on the NSE in intra-day trade on Sunday, Budget day.
Metal stocks today: Hindustan Copper, NALCO, Vedanta, Hindustan Zinc, Hindalco Industries and NMDC were down in the range of 6 per cent to 11 per cent on the NSE in Friday's intra-day trade.
Thus far in the month of January 2026, the stock price of Hindustan Copper has surged 53 per cent, as compared to a near 4 per cent decline in the BSE Sensex.
At 11:15 AM on Wednesday; the Nifty Metal index was up 2.5 per cent, as compared to 0.6 per cent rise in the Nifty 50.
At 10:21 AM on Wednesday, the Nifty Metal index was the top gainer among the sectoral indices up 2 per cent, as compared to 0.23 per cent decline in the Nifty 50
Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.
However, in the past one month, the Nifty Metal index has rallied 10 per cent, as against 0.17 per cent rise in the Nifty 50.
In the past one month, the stock price of Hindustan Zinc, Nalco, Vedanta, Hindalco Industries and SAIL have rallied between 15% and 32%.
Hindustan Copper share price rose 3.04 per cent to log an intraday high of ₹534.1 per share on the NSE during the intraday trade early on Thursday
Force Motors topped the chart, emerging as the biggest wealth creator of the year with a 191 per cent gain. The stock delivered the highest return among all Nifty500 constituents.