India's metal index hits more than 3-week high on improving demand outlook, weaker dollar

Hindustan Zinc

12/12/2025 05:36

** India's metal index .NIFTYMET rises 1.9% to more than 3-week high; top sectoral winner by percentage

** China promises to maintain "proactive" fiscal policy next year to stimulate consumption, investment to maintain high economic growth

** Pro-growth policies in China positive for metal demand, pricing since country top producer, consumer of commodity

** U.S. dollar heads for third straight weekly drop, hurt by prospect of rate cuts next year after Fed rate cut, making metals cheaper for holders of other currencies MET/L

** All 15 constituents on NIFTYMET, with Hindustan Zinc HZNC.NS, Hindustan Copper HCPR.NS being top gainers, rising 3.6% each

** NIFTYMET gains 20.4% YTD, outperforms Nifty 50's .NSEI 9.9% rise

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))