Vedanta, NALCO, Hindustan Zinc Shares Rise 3% Amid West Asia Concerns

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Metal Stocks Surge Despite Commodity Sell-off, West Asia Concerns Linger

Metal Stocks | In case the markets make a move towards haven assets, the US Dollar could also see some strengthening. Although, that has not been the case in recent times, a stronger US Dollar is generally negative for metals. The Nifty Metal Index was the third-best performing sectoral index in February, with gains of 8%. Stocks like Lloyds Metal, Tata Steel, Jindal Steel, Welspun Corp, SAIL, Adani Enterprises, and Vedanta gained between 10% to 15% last month.

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CNBC TV18•20-03-2026, 09:21

Metal Stocks Surge Despite Commodity Sell-off, West Asia Concerns Linger

•NALCO, Vedanta, Hindustan Zinc shares gained up to 3% on Friday, March 20, despite a sharp overnight sell-off in base commodities.
•Lloyds Metals, Hindustan Zinc, Tata Steel, and Hindustan Copper saw gains between 2% to 4% in early trading.
•Silver prices fell 6% and LME Aluminum was down 8% on Thursday, impacting companies like Vedanta and Hindustan Zinc.
•Concerns persist due to rising aluminum stockpiles in China (1.3 MT, highest since 2020) and disappointing demand post-Lunar New Year.
•Fed Chair Jerome Powell's inflation remarks hint at no rate cuts in 2026, and a strong US Dollar index negatively impact metal stocks.

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