Hindustan Zinc, Vedanta, Nalco and other metal stocks slide up to 5%. Here’s why

August 31, 2026

Metal stocks tumbled up to 5% on Monday, with the Nifty Metal index falling over 2% amid a decline in metal prices and rising expectations of higher-for-longer US interest rates. Profit booking after the index’s strong August rally also weighed on sentiment, while Jefferies remained bullish on Hindustan Zinc over Hindalco.

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