Nifty Metal Today: Index Ends 1.24% Lower on Broad Weakness

Quick sector takeaways

• Nifty Metal ended at 13,152.90, down 164.55 points or 1.24% from its previous close of 13,317.45.
• The index moved between 13,353.80 and 13,125.55 during the session, finishing 27.35 points above its intraday low.
• Market breadth was weak: 14 of 16 Nifty Metal stocks declined, while two advanced.
• SAIL, Ratnamani Metals & Tubes, Hindustan Copper and National Aluminium were among the sharper fallers; Adani Enterprises and Welspun Corp were the two gainers to watch next session.

Nifty Metal today closed as the second-steepest loser among the tracked NSE sector indices on 7 September 2026. The end-of-session reading, updated at 4:15 PM IST, showed broad pressure across metal stocks, with declines extending across steel, aluminium, copper and diversified metal names.

Nifty Metal today: end-of-session wrap

Nifty Metal began the day at 13,336.70, marginally above its previous close, and touched a session high of 13,353.80. It then moved lower through the session and closed at 13,152.90. The 1.24% decline represented a fall of 164.55 points from the prior close of 13,317.45.

The closing level was closer to the day’s low of 13,125.55 than to its high, underscoring the softer finish. This is a price-based observation of the session’s range, rather than a view on what drove the move.

Price snapshot

The index covered a 228.25-point intraday range. Its close remained 27.35 points above the low, but was 200.90 points below the high. For traders tracking Nifty Metal today, these levels provide a clear record of how the session evolved from an early high to a lower close.

Sector ranking

Nifty Metal was the second top losing sector index in the session because only Nifty IT recorded a larger percentage decline. Across the full set of tracked NSE sector indices, the ranking from the strongest gain to the steepest fall was: Nifty Pharma, up 0.75%; Nifty Auto, down 0.04%; Nifty Mid Select, down 0.43%; Nifty Financial Services, down 0.44%; Nifty Bank, down 0.49%; Nifty FMCG, down 0.66%; Nifty Metal, down 1.24%; and Nifty IT, down 2.28%.

The comparison places metal stocks toward the weaker end of the sectoral board for the day. Nifty Metal’s decline was notably larger than the moves in banking, financial services, auto, FMCG and mid-select shares, while it was less severe than the fall in Nifty IT.

Constituent breadth

The breadth reading reinforced the index decline. Fourteen Nifty Metal stocks ended lower, two gained and none were unchanged. That works out to roughly seven decliners for every advancer, indicating that the weakness was widespread rather than confined to one or two names.

The two advancing stocks were Adani Enterprises and Welspun Corp. Their gains did not offset declines across the remaining names, leaving the sector index lower at the closing bell.

Heavyweights versus broader participation

Among prominent metal-sector names, JSW Steel fell 1.74%, Tata Steel declined 1.68%, Hindustan Zinc lost 1.97% and Vedanta was down 1.51%. Adani Enterprises was the exception in this group, rising 0.41% to Rs. 2,950.

The spread of losses among these widely followed names aligned with the broader breadth reading. In contrast, Welspun Corp added 0.28%, showing that select stocks retained gains despite the overall sector decline.

Key Nifty Metal stocks

Biggest positive movers

Adani Enterprises led the gainers with a rise of Rs. 12, or 0.41%, from Rs. 2,938 to Rs. 2,950. Welspun Corp followed, adding Rs. 7.30, or 0.28%, to close at Rs. 2,597.90. Welspun Corp traded between Rs. 2,536.80 and Rs. 2,674.80, illustrating a wide intraday range despite its positive close.

Biggest negative movers

SAIL led the losses, falling Rs. 8.90 or 4.52% to Rs. 187.90 after opening at its day high of Rs. 196.99. Ratnamani Metals & Tubes lost Rs. 68.50 or 2.51%, Hindustan Copper declined Rs. 12.55 or 2.41%, and National Aluminium fell Rs. 8.20 or 2.19%. Hindustan Zinc also ended lower by 1.97%.

Stocks to watch next session

• SAIL: Watch whether it moves away from its Rs. 187.30 day low after the session’s 4.52% decline.
• Ratnamani Metals & Tubes: Its Rs. 2,638.30 session low and Rs. 2,658.50 close will remain relevant reference points.
• Hindustan Copper: The stock closed at Rs. 509.10 after touching Rs. 506.60.
• JSW Steel: It ended at Rs. 1,302, close to its day low of Rs. 1,301.
• Adani Enterprises: Its ability to retain positive momentum after a 0.41% gain merits attention.
• Welspun Corp: It was one of only two sector gainers and saw a broad intraday range.

The constructive case

The constructive evidence was limited but clear. Adani Enterprises and Welspun Corp both ended in positive territory, giving the sector two advancing names. Nifty Metal also finished above its intraday low, rather than at the lowest point of the day. Those readings show that gains were present in select stocks even as the overall index closed lower.

The cautious case

The cautious case rests on the scale and breadth of the decline. Nifty Metal fell 1.24%, and 14 of its 16 stocks ended lower. The index closed far below its intraday high, while several key stocks, including SAIL, Hindustan Copper, National Aluminium and JSW Steel, finished at or close to their day lows.

Univest Insights

The key feature of Nifty Metal today was broad participation in the downside. The sector did not merely register an index-level fall; its breadth showed that losses were spread across a large majority of stocks.

The comparison with other NSE sector indices adds context. Nifty Metal was weaker than most tracked sectors, but Nifty IT declined more sharply. Meanwhile, Nifty Pharma was the only sector in this comparison to end in positive territory.

For the next session, investors can separate the sector-wide reading from individual stock performance. The two gainers, Adani Enterprises and Welspun Corp, stand apart from the broader decline, while SAIL’s sharper fall remains a notable stock-specific move.

For a wider end-of-day market perspective, visit Univest Market View. The next session’s key reading will be whether Nifty Metal holds above 13,125.55 and whether the 14-to-2 decline-to-advance breadth improves.

Published on 7 September 2026 at 4:21 PM IST

Frequently asked questions

What was Nifty Metal today?

Nifty Metal closed at 13,152.90 on 7 September 2026, down 164.55 points or 1.24% from the previous close of 13,317.45.

Why was Nifty Metal the second top losing sector index?

Nifty Metal fell 1.24%, making it the second-steepest fall among the tracked sector indices. Nifty IT declined more, by 2.28%.

What were Nifty Metal’s day high and day low?

The index recorded a day high of 13,353.80 and a day low of 13,125.55.

How was the breadth in Nifty Metal stocks?

Fourteen stocks declined and two advanced, with no stocks unchanged.

Which stocks gained in Nifty Metal?

Adani Enterprises rose 0.41% and Welspun Corp gained 0.28%.

Which stock was the biggest loser in Nifty Metal?

SAIL was the biggest loser among the highlighted stocks, falling 4.52% to Rs. 187.90.