A sell-off in precious metals, especially Silver, owing to strength in the US dollar and hawkish US Federal Reserve stance, triggered selling pressure in metal stocks on Thursday, say analysts.
Stocks to Watch today: BEL, IREDA, JSW Infra, Vodafone Idea, Vedanta Aluminium, Craftsman Automation, Delhivery, Bajaj Auto, Bandhan Bank and more will be in focus today.
Separately, Hindustan Zinc informed the exchanges that it has signed a memorandum of understanding (MoU) with Sulfozyme Agro under its flagship Zinc Industrial Park initiative at Khankhala, Rajasthan
In the past six trading days, the Nifty Metal index has underperformed the market by falling 6 per cent, as compared to 0.4 per cent decline in the Nifty 50.
The Department of Investment and Public Asset Management, which is under the Finance Ministry, aims to launch the process this month or in July
The government today increased the import duty on gold and silver from 6 per cent to 15 per cent; analysts see this as a positive move for Hindustan Zinc.
Analysts said that the metal space is again a renewed strength after a healthy consolidation phase. They said that strong metal prices will help support or boost the company's profits going forward.
Nifty may remain rangebound in near-term; investors may prefer a calibrated strategy - staying invested while selectively booking profits in overheated stocks, says Ajit Mishra of Religare Broking.
Firms such as Reliance Industries, Axis Bank, UltraTech Cement, Coal India, Hindustan Zinc, and Varun Beverages are among the major names announcing dividends
Arun Misra says the miner is preparing a $500-600 million capex programme, targeting a doubling of metal production over three to four years while expanding its silver and critical minerals businesses
Hindustan Zinc has further announced that its board has declared the first interim dividend of ₹11 per equity share, i.e. 550 per cent on face value of ₹2 per share, for the FY27
Hindustan Zinc reports record quarterly profit and revenue, driven by higher zinc and silver prices, strong output, and lower costs, with margins expanding in Q4 FY26
Stocks to Watch today, April 24: RIL, Adani Energy Solutions, Infosys and others will remain on investors' radar; here's why
The Nifty Metal index hit a new high of 12,816 in intra-day trade on Thursday and has bounced back 18% from its previous month low of 10,819.85 touched on March 23, 2026.
Buying in the metal sector came amid an overall positive market amid optimism around progress in US-Iran negotiations, which helped ease geopolitical tensions and lift global investor sentiment
Stocks to watch today: OMCs, LIC, Ujjivan SFB, Just Dial, GAIL, RailTel, ICICI Prudential, Poonawalla Fincorp, and ICICI Prudential Life Insurance Company are among the key stocks in focus today.
Mined metal production rises to 315 KT and refined metal to 282 KT in Q4; silver drops marginally to 176 tonnes, while FY26 sees highest-ever annual zinc output of 851 KT
The Nifty Metal index fell over 3 per cent to hit an intraday low of 11,052.55, dragged by Hindustan Copper, Hindustan Zinc, APL Apollo Tubes, Tata Steel, SAIL, Adani Enterprises, and Jindal Steel
At 9:40 AM, individually, among others on the National Stock Exchange (NSE), National Aluminium Company (Nalco) jumped 6.11 per cent, followed by Hindalco up 4.3 per cent, Vedanta rose 3.66 per cent
Sachin Gupta, research analyst at Choice Broking recommends accumulating Hindustan Zinc, Coal India and EID Parry on dips for a potential upside bounce as per technical charts.