Indian Metal Stocks Tumble as Commodity Prices Fall and Rate Hike Fears Mount

Major metallurgical companies saw share prices drop by up to 5%, dragging down the Nifty Metal index, as weaker global commodity prices and expectations of sustained high US interest rates weighed on sentiment.

31 Aug, 05:13 — 31 Aug, 05:13

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economic-times1d ago

Hindustan Zinc, Vedanta, Nalco and other metal stocks slide up to 5%. Here's why

Metal stocks tumbled up to 5% on Monday, with the Nifty Metal index falling over 2% amid a decline in metal prices and rising expectations of higher-for-longer US interest rates. Profit booking after the index’s strong August rally also weighed on sentiment, while Jefferies remained bullish on Hindustan Zinc over Hindalco.

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Indian Metal Stocks Tumble as Commodity Prices Fall and Rate Hike Fears Mount

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Hindustan Zinc, Vedanta, Nalco and other metal stocks slide up to 5%. Here's why

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