Nifty Metal slips 5% in September post 29% 1 yr rally, October comeback ahead? Hindustan Zinc, NMDC, NALCO may shine
AI Summary
The recent decline in the Nifty Metal index highlights the volatility and sector-specific dynamics that retail investors should be cautious about. With global metal prices and domestic demand being key factors, investors may want to focus on companies with solid fundamentals and manageable valuations, such as Hindustan Zinc and NALCO. As the market enters October, a more selective approach, rather than a broad investment in the sector, could yield better results amidst fluctuating commodity prices.
Nifty Metal has declined nearly 5% over the past one month with National Aluminum Company (NALCO), NMDC, Hindustan Copper, Adani Enterprises, Vedanta Limited, etc emerging as the top laggards in September. Further upside in the index in October could depend on global metal prices, demand trends and domestic growth, however, elevated valuations may cap gains, according to experts.
With just one day left for the beginning of the new month, experts see October to be more stock-specific performance in the metal sector rather than a broad sector rally. Aluminium and copper linked businesses could benefit from the current scenario. Here's the list of top Nifty Metal gainers and losers at 12:30 pm on Tuesday, September 29.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 29 September 2026.
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