Indian aluminium stocks slide as global metal prices weaken
BUZZ-Indian aluminium stocks slide as global metal prices weaken ** Shares of Indian metal companies fall after global aluminium prices drop
** Nifty Metal index .NIFTYMET down 1.2%
** Hindalco Industries HALC.NS falls 3.38% to 979.60 rupees, National Aluminium NALU.NS drops 4.83% to 364.05
** Vedanta Aluminium Metal VEDO.NS slides 5% to 471.11 rupees
** Aluminium prices come under pressure as easing tensions in the Middle East reduce concerns over supply disruptions and energy costs
** Lower energy prices could weigh on aluminium prices, which had benefited from geopolitical uncertainty and higher power costs in recent months
** NIFTYMET up about 14.5% this year vs 8.54% drop in benchmark Nifty 50 index .NSEI
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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