Hindustan Copper Shares Plunge Second Day, Wipes Out ₹18,000 Crore Market Cap
Share Market
C
CNBC Awaaz•01-02-2026, 12:02
Hindustan Copper Shares Plunge Second Day, Wipes Out ₹18,000 Crore Market Cap
- •Hindustan Copper's shares plummeted for the second consecutive day, losing approximately ₹18,000 crore in market capitalization.
- •The decline is attributed to heavy global selling in the commodity market, impacting gold, silver, and copper prices.
- •Nifty metal index fell over 4%, making it one of the biggest sectoral losers.
- •MCX saw gold and silver prices drop by up to 9% due to overnight global selling and increased margins on contracts.
- •Investors await Union Budget 2026 for potential relief, as market uncertainty persists.
Why It Matters: Hindustan Copper's market cap dropped ₹18,000 crore due to global commodity market correction.
✦
More like this
Loading more articles...
