Nifty Metal Today: Up 0.40% in Early Trade, 28 August

Nifty Metal started the 28 August 2026 session on a constructive note, rising 54.20 points, or 0.40%, to 13,479.40 at 10:00:05 AM IST. The early-session move places nifty metal today as the second top gaining sector index among the configured sector indices, with gains spread across a majority of tracked stocks.

Quick sector takeaways

• Nifty Metal was up 0.40% at 13,479.40, compared with its previous close of 13,425.20.
• The index traded between 13,456.10 and 13,522.00 in the opening phase, after opening at 13,471.25.
• Breadth was favourable: 12 of 16 tracked stocks advanced, while four declined.
• Lloyds Metals & Energy, Vedanta, SAIL, NMDC and Jindal Steel & Power were among the notable gainers; investors can watch whether this broad participation persists through the session.

Nifty Metal today: early-session strength

Nifty Metal today is trading above its previous close, reflecting a positive start for the sector index. At 13,479.40, the index was 54.20 points higher than 13,425.20. Its opening level of 13,471.25 was also above the previous close, and the index subsequently moved to an intraday high of 13,522.00 before easing from that level.

The gain is modest in percentage terms, but it is accompanied by positive breadth. That combination matters in an opening-bell update because it shows that the advance is visible across a sizeable share of the tracked metal basket rather than being confined to a very small number of names. The index remained above the previous close at the stated timestamp, even as individual stock moves varied.

Price snapshot

The 65.90-point range between the day’s high and low shows that the sector index saw movement early in the session. The last traded level was 42.90 points below the intraday high and 23.30 points above the intraday low. These are observations of the day’s trading range, rather than directional forecasts.

Sector ranking

Nifty Metal ranked as the second top gaining sector index among the configured sector indices at the latest update. Its 0.40% rise was behind Nifty IT, which was up 2.92%, and ahead of Nifty Auto, which gained 0.38%, Nifty Mid Select, up 0.31%, and Nifty Pharma, up 0.19%.

This ranking gives useful context to the index move. Nifty Metal was not the day’s strongest sectoral gainer in percentage terms, but it was one of the leading positive sector indices in the opening phase. Its performance stood in contrast to softer readings in Nifty FMCG, Nifty Bank and Nifty Financial Services at the same timestamp.

Constituent breadth

The early advance in the metal index was supported by a 12-to-4 split between advancers and decliners across 16 display-safe stocks. This works out to an advance-decline ratio of 3:1. There were no unchanged stocks in the tracked basket at the stated timestamp.

Positive participation extended across steel, mining, aluminium, zinc, tubes and diversified metal-linked names. Lloyds Metals & Energy led the percentage gainers, while Vedanta, SAIL, NMDC and Jindal Steel & Power also posted notable advances. At the same time, declines in Welspun Corp, Hindustan Copper, JSW Steel and Adani Enterprises show that the opening strength was broad but not uniform.

Heavyweights versus broader participation

The heavyweight set presented a mixed picture. Vedanta rose 1.99% to ₹286.60, while Tata Steel added 0.48% to ₹187.70 and Hindustan Zinc edged up 0.19% to ₹611.25. In contrast, Adani Enterprises slipped 0.41% to ₹3,156.00 and JSW Steel declined 0.58% to ₹1,329.80.

The same mix appeared among the supplied active names. This suggests that the index’s positive opening was supported by wider participation, including strong moves in stocks beyond the heavyweight group, rather than a uniformly positive move among the larger names. For a live market view beyond this sector, readers can follow Univest Market View.

Key Nifty Metal stocks

Biggest positive movers

Lloyds Metals & Energy gained 2.35% to ₹1,840.80, trading close to its day high of ₹1,847.10. Vedanta rose 1.99% to ₹286.60, with SAIL up 1.70% to ₹196.29. NMDC gained 1.64% to ₹87.13, while Jindal Steel & Power advanced 1.58% to ₹1,188.50. These stocks formed the leading positive group in the early session.

Biggest negative movers

Welspun Corp was the largest decliner, down 2.01% to ₹2,357.40 after trading as high as ₹2,443.90 during the session. Hindustan Copper fell 0.77% to ₹532.15, JSW Steel was down 0.58% to ₹1,329.80, and Adani Enterprises declined 0.41% to ₹3,156.00. Their moves are important to monitor because they moderate an otherwise favourable breadth reading.

Stocks to watch next session

For the next session, market participants may track Lloyds Metals & Energy after its 2.35% rise and Vedanta after its 1.99% advance. SAIL and NMDC are also worth following following their gains of 1.70% and 1.64%, respectively. Jindal Steel & Power, up 1.58%, remains part of the positive early-session group, while Welspun Corp merits attention after its 2.01% decline. These are watchlist observations based on the current session’s price moves.

The constructive case

The constructive evidence is straightforward: Nifty Metal was above both its previous close and its opening level at the latest update, and 12 of 16 tracked stocks were in positive territory. The index also recorded a 0.40% gain, enough to rank second among the configured sector indices.

Gains in Lloyds Metals & Energy, Vedanta, SAIL, NMDC and Jindal Steel & Power provided a visible positive leadership group. The presence of advances across multiple parts of the basket adds to the constructive early-session picture.

The cautious case

The index was below its intraday high of 13,522.00 at the latest reading, which means some of the opening advance had eased. In addition, four tracked stocks were lower, led by Welspun Corp. Mixed moves in heavyweight names, including declines in Adani Enterprises and JSW Steel, also underline that the sector’s gains were not uniform.

The day is still in its opening phase, so the early range between 13,456.10 and 13,522.00 remains relevant for monitoring how the sector develops through the session.

Univest Insights

The early read for nifty metal today is positive: the index is higher by 0.40%, breadth favours advancers, and several leading gainers are posting increases of more than 1.5%. This places the sector among the stronger configured index groups in the opening period.

At the index level, the close-to-open gap and the move above the previous close establish a constructive starting point. The intraday high of 13,522.00 and low of 13,456.10 frame the range that has developed so far, with the last traded level positioned within that band.

Stock selection remains relevant within the sector. Vedanta, SAIL, NMDC and Jindal Steel & Power were positive, while Welspun Corp, Hindustan Copper, JSW Steel and Adani Enterprises were lower. The divergence makes breadth and the persistence of leaders especially useful live-market reference points.

For traders and investors, the key signal to watch is…

Published on 28 August 2026 at 10:02 AM IST

Frequently asked questions

What is Nifty Metal today?

Nifty Metal was at 13,479.40 at 10:00:05 AM IST on 28 August 2026, up 54.20 points or 0.40% from its previous close of 13,425.20.

Why is Nifty Metal among the top gaining sector indices?

Nifty Metal gained 0.40%, making it the second top gaining sector index among the configured sector indices at the latest update.

What was the Nifty Metal intraday range?

The index traded between a day low of 13,456.10 and a day high of 13,522.00, after opening at 13,471.25.

How was Nifty Metal breadth today?

Of 16 tracked stocks, 12 advanced and four declined, producing an advance-decline ratio of 3:1.

Which stocks were the top gainers in Nifty Metal?

Lloyds Metals & Energy gained 2.35%, followed by Vedanta at 1.99%, SAIL at 1.70%, NMDC at 1.64% and Jindal Steel & Power at 1.58%.

Which stock was the biggest Nifty Metal decliner?

Welspun Corp was the biggest decliner among the tracked stocks, falling 2.01% to ₹2,357.40.