India's metal stocks slip to one-week low, tracking retreat in global prices

Steel Authority of India

08/01/2026 05:03

** India's metal stocks .NIFTYMET dip 2.4% to hit a one-week low of 11,251.90; on course for the worst single-day percentage drop since April 2025

** Stocks fall amid retreat in base metal prices as investors book profits, extending a pullback from recent record highs

** Hindalco HALC.NS, Hindustan Copper HCPR.NS, Jindal Steel JINT.NS, National Aluminium Company NALU.NS, Vedanta VDAN.NS, Hindustan Zinc HZNC.NS and NMDC Ltd NMDC.NS slide 3% to 5%

** Steel Authority of India SAIL.NS slips 2.3%, JSW Steel JSTL.NS eases 2%, while Tata Steel TISC.NS down 1.5%

** In 2025, metal index rose 29.1% vs benchmark Nifty 50's .NSEI ~11% rise

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))