The Nifty Metal index tumbled nearly 5% to 11,855.85 on Friday, snapping a three-day gaining streak during which it gained nearly 9%

The Nifty Metal index slipped close to 5% to 11,855.85, ending its three-day winning run during which it had gained nearly 9%. On Friday, the metal index emerged as the worst-performing sector on Dalal Street.

The Nifty Metal index plunged over 5% to hit an intraday low of 11,218.80 in early trade, tracking heavy selling pressure across both base and non-ferrous metal stocks.

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.

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.

The Nifty Metal index fell 5% to an intraday low of 11,852.75, with broad-based selling across steel, aluminium and mining stocks. Despite the sharp correction, the index has gained over 15% in the past 30 days and is up 53% over the last one year, underscoring the scale of recent profit booking.

Nifty Metal index hits a fresh record high, rallying nearly 3% as metal stocks surge on India-EU FTA boost, strong steel production data, and optimism ahead of Q3FY26 earnings.

The positive view comes as the Nifty Metal index remains among the better-performing sectoral indices in calendar year 2026, supported by record silver prices, firm aluminium rates and expectations of a fresh capex cycle.

The Nifty Metal index extended gains into a third session, rising 3% in afternoon trade on Wednesday. Steel stocks were the biggest gainers on the index with Tata Steel (+6%), Jindal Steel (+5.3%), and Steel Authority of India Ltd. (+5.1%) making up the ...

Metal stocks fell up to 10 percent as Nifty Metal index dropped nearly 5 percent due to profit booking and sharp decline in gold, silver, copper and aluminium prices. Uncertainty over the US Fed leadership and stronger dollar further hurt commodity-linked stocks.