Hindustan Zinc, Vedanta, NALCO: Why Metal Stocks Are Falling Today
Wednesday, 4 February 2026, 20:52
Metal Stocks Plunge: Key Insights
Hindustan Zinc shares dropped around 7 percent to Rs 593.25 apiece, falling below the Rs 600-mark. The shares of India's largest silver producer ended a three-session gain.
Vedanta shares fell nearly 5 percent, with NALCO shares down around 4 percent as of 9:45 AM.
Reasons Behind the Downturn
- Profit-booking: Investors are selling off shares after a considerable rise, with the Nifty Metal index up over 6 percent in recent sessions.
- Stronger dollar: The US dollar has stabilized ahead of crucial interest rate decisions, increasing commodity prices and putting pressure on demand.
- Fall in precious metals: Notable declines in gold and silver futures will likely affect stock prices of producers like Hindustan Zinc.
Stay updated with the latest stock market developments for further insights.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.