{"id":273245,"date":"2026-09-28T10:10:06","date_gmt":"2026-09-28T04:40:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=273245"},"modified":"2026-09-28T10:10:06","modified_gmt":"2026-09-28T04:40:06","slug":"nifty-metal-index-falls","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-metal-index-falls\/","title":{"rendered":"Metal Stocks Bleed as Dollar, Yields and Oil Hit: Which Nifty Metal Names Look Cheap and Which Do Not"},"content":{"rendered":"

Nifty Metal index down 1.5%. NALCO -3.14%, Hindustan Copper -2.87%, Vedanta -2.74%, Hindalco -2.47%. Dollar index 101.15, US 10-year yield near 5.2%.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The Nifty Metal index fell about 1.5 percent on 28 September 2026, with National Aluminium Company down 3.14 percent, Hindustan Copper down 2.87 percent, Vedanta down 2.74 percent and Hindalco Industries down 2.47 percent. The trigger is a stronger dollar and higher US bond yields, which make dollar-priced metals costlier for global buyers, along with oil above $105 that raises inflation and rate-hike fears. The sell-off has left NALCO on 9.8 times earnings with a 3.2 percent dividend yield, while Hindustan Copper trades at 42 times, so the sector’s damage is not evenly priced.<\/p>\n<\/div>\n

Metal stocks were among the worst performers in Monday’s weak market, and the pattern is not new. The Nifty Metal index fell about 3 percent on 11 September as crude oil and inflation fears returned, and it lost another 1.07 percent on 24 September to 13,159.50 as the dollar strengthened.<\/p>\n

Base metals such as aluminium, copper and zinc are priced in dollars on the London Metal Exchange, so a firm dollar and rising US yields act as a double headwind: they raise the cost for buyers outside the United States and increase the odds of tighter global liquidity. The US 30-year yield touched 5.38 percent earlier this month, its highest since 2007, and the 10-year is now near 5.2 percent.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

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