Silver Price Crash: Metal Stocks Lose ₹2 Lakh Crore Market Cap; Vedanta, Hindustan Zinc Hit Hard
Share Market
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CNBC Awaaz•01-02-2026, 10:31
Silver Price Crash: Metal Stocks Lose ₹2 Lakh Crore Market Cap; Vedanta, Hindustan Zinc Hit Hard
- •Global commodity price decline, especially silver, has led to a significant impact on the Indian stock market, particularly metal shares.
- •The Nifty Metal Index's top five shares collectively lost nearly ₹2 lakh crore in market cap over two trading sessions.
- •Hindustan Zinc and its parent company Vedanta Ltd. are leading the decline, with Hindustan Zinc losing over ₹60,000 crore and Vedanta approximately ₹54,000 crore in market value.
- •Hindustan Copper suffered the biggest blow on the Nifty Metal Index, with its market cap falling by about ₹18,000 crore.
- •NALCO and Hindalco also experienced heavy losses, with NALCO losing over ₹15,000 crore and Hindalco approximately ₹25,000 crore at its low point.
Why It Matters: Global commodity price crash wiped out ₹2 lakh crore from metal stocks, with Hindustan Zinc and Vedanta most affected.
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