Metal Stocks Surge as Nifty Metal Hits Record High; SAIL, Hindustan Copper Lead Rally

Market Performance

The session opened with strong momentum across metal stocks, pushing the Nifty Metal index to a fresh high. The index gained over 2% in early trade, touching 10,824.70, and extending its winning streak for the third straight session. In the last three sessions alone, the metal index has climbed more than 4%.

The rally came as traders reacted to global cues and shifting sentiment around the rate-sensitive metal basket. With demand indicators staying firm and broad buying visible across the segment, metal stocks stayed in focus throughout the morning.

Main News: Metal Stocks Extend Gains Ahead of Key Global Events

Buying interest picked up sharply across major metal names, driving strong moves across the sector.

SAIL share price surged nearly 8% to ₹142, making it one of the top performers of the day. The company is also set to announce its Q2 FY26 results later today, adding to the buzz around the stock.

Hindustan Copper share price followed with gains of over 3%, while Hindustan Zinc and NMDC shares also moved higher by nearly 3% each. Heavyweights such as Vedanta, JSW Steel, and Tata Steel added over 2%, contributing to the broader rally in the Nifty Metal index.

Other key names such as Jindal Stainless Steel and NALCO share price logged gains of over 1%, reflecting strong participation across the metal pack.

Several related stocks—Jindal Steel & Power, Adani Enterprises, APL Apollo Tubes, and Hindalco Industries—also traded with gains of nearly 1%, further supporting sector sentiment.

Company Details: Broad-Based Buying Across Steel, Copper, Zinc and Aluminium

The metal sector rally was not limited to a single segment. Instead, the entire value chain—from steel to copper to aluminium—participated in the rise.

Here’s how key metal stocks performed:

• SAIL share price: Up nearly 8%
• Hindustan Copper share price: Up over 3%
• Hindustan Zinc share price: Up nearly 3%
• Vedanta share price: Up over 2%
• Tata Steel share price: Up over 2%
• JSW Steel share price: Up over 2%
• NALCO share price: Up over 1%

The broad participation helped Nifty Metal strengthen its market leadership for the day.

Global Setup: Rate-Sensitive Metal Stocks React to US Policy Expectations

Metal stocks, which typically move in reaction to global interest rate cues, were influenced by developments in the US ahead of the Federal Reserve’s policy meeting.

The market tracked commentary from US policymakers closely, with traders factoring in the possibility of changes to interest rates and their impact on non-yielding assets.

In addition, rising global metal prices, driven by supply constraints and tight market conditions, continued to support sentiment across the metal complex. The combination of domestic buying and global cues added strength to the ongoing rally.

Summary

Metal stocks delivered strong gains in trade, lifting the Nifty Metal index to a new record high of 10,824.70. The sector rallied for the third consecutive session, rising more than 4% during the period.

SAIL, Hindustan Copper, Hindustan Zinc, Tata Steel, Vedanta, JSW Steel, and NALCO were among the key movers, with widespread buying across steel, copper, aluminium, and zinc counters.

With the entire metal basket showing strong traction, the segment remained one of the standout performers of the day, supported by firm global cues and sustained domestic interest.