Indian metal stocks gain on aluminium rally; NALCO leads

HindalCo Industries

05/03/2026 07:09

Updates

** Indian metal stocks .NIFTYMET gain 2%, tracking a surge in global aluminium prices

** Sub-index second-biggest gainer among 16 major sectors

** Aluminium extends gains on supply fears after Aluminium Bahrain ALBH.BH, one of world's biggest aluminium smelters, declares force majeure, halting shipments as Strait of Hormuz faces near-total shipping freeze MET/L

** Shanghai aluminium SAFcv1 adds 3.55% to 25,365 yuan/ton by 0215 GMT

** Benchmark LME three-month aluminium CMAL3 up 0.81% at $3,369.50/ton after touching a near four-year high on Wednesday

** India's National Aluminium Company NALU.NS leads gains in NIFTYMET, up 5.38%

** Hindalco HALC.NS jumps 5%, tops blue-chip Nifty 50 .NSEI, which is up 0.6%

** HSBC says higher LME aluminium prices positive for HALC, NALU

** YTD, NIFTYMET up ~9%; Hindalco advances 10%, NALU gains 25%

 (Reporting by Komal Salecha, Yagnoseni Das in Bengaluru)

 ((Komal@thomsonreuters.com))