Indian metals set to be second-biggest sectoral gainers in May

HindalCo Industries

29/05/2026 08:58

** Indian metal stocks .NIFTYMET up 6% in May, set to be second-biggest sectoral monthly gainer with Nifty 50 .NSEI down 0.9%
** Sub-index also set for second straight monthly rise
** Gains led by Adani Enterprises ADEL.NS after U.S. court cleared ADEL of fraud-related charges; stock up 22.6% in May
** Rise in base metal prices due to supply disruptions amid ongoing Iran war also power sub-index gains
** Hindalco HALC.NS and National Aluminium NALU.NS also boost gains on higher aluminium prices, rising 10.5% and 8.6% respectively in May
** Vedanta VDAN.NS leads gains on sub-index with 30.4% jump ahead of demerger of its unlisted entities
** YTD, metals index up 22% vs Nifty's 9% drop


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))