Indian metal stocks saw a significant rise today. Aluminium manufacturers led the gains. The closure of the Strait of Hormuz due to the West Asia conflict is impacting supply chains. This is expected to push up metal prices. National Aluminium Co, Hindalco, and other metal companies registered strong gains. The Nifty Metal Index outperformed the broader market.
These stocks defy market volatility, extend rally beyond US-Iran ceasefire
The US-Iran war, which commenced on February 27, caused significant volatility in the equity markets, impacting key benchmarks. By October, the Nifty 50 index exhibited