Hindustan Copper Leads Metal Stock Rebound Amid Global Sell-off, Nifty Metal Up
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CNBC TV18•02-02-2026, 09:35
Hindustan Copper Leads Metal Stock Rebound Amid Global Sell-off, Nifty Metal Up
- •Hindustan Copper opened 4% higher on Monday, attempting to lead a rebound in metal stocks despite a global sell-off.
- •The Nifty Metal index was up 0.20% in early trade, contrasting with a ₹2 lakh crore market cap erosion for five index stocks over Friday and Sunday.
- •Hindustan Zinc and Vedanta, which saw significant market value losses, also traded higher on Monday.
- •Global commodity markets, including copper, faced continued weakness due to speculative activity and concerns over the US dollar's outlook.
- •A crisis involving Chinese metals trader Xu Maohua, with unsettled trades and alleged losses of $144 million, added to market turmoil.
Why It Matters: Hindustan Copper attempts to revive metal stocks amidst a global commodity downturn and Chinese trading crisis.
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