Indian metal stocks track retreat in global prices

Steel Authority of India

08/01/2026 06:15

Updates

** India's metal stocks .NIFTYMET extend fall, down 3.4% to hit a one-week low of 11,131.10

** Sub-index on course for the worst single-day percentage drop since April 2025, if losses hold

** Stocks fall amid retreat in base metal prices as investors book profits and U.S. dollar firmed, extending a pullback from recent record highs

** Hindustan Copper HCPR.NS, Jindal Steel JINT.NS, Jindal Stainless Ltd JIST.NS, National Aluminium Company NALU.NS, Vedanta VDAN.NS, Hindustan Zinc HZNC.NS and NMDC Ltd NMDC.NS slide between 4% and 6%

** Steel Authority of India SAIL.NS slips 3%, JSW Steel JSTL.NS falls 2.5%, while Hindalco HALC.NS and Tata Steel TISC.NS down 3.5% and 1.9%, respectively

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

 (Reporting by Brijesh Patel in Bengaluru)

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