Metal stocks slide on US-Iran tensions

Most constituents ended lower, dragging the index down to 10,903.25. Hindustan Copper led the losses, down 7.63%, followed by SAIL (down 7.26%), Jindal Steel (down 6.6%), NMDC (down 6.12%), and Hindustan Zinc (down 5.54%). Vedanta fell 5.44%, while Nalco, Tata Steel, JSW Steel, and Adani Enterprises declined between 4.9% and 5.13%. Vedanta remained in focus ahead of its board meeting to consider a dividend payout.

The decline follows sectoral rotation after a sustained rally driven by higher metal prices, while sentiment weakened amid fears of demand destruction linked to escalating geopolitical tensions. Companies producing key minerals such as iron, steel, copper, and aluminium were particularly in investors' spotlight during the session.

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