Nifty Metal Today: Index Falls 2.45% as 12 Stocks Decline

Updated: 31 Aug 2026 • 4:19 pm

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Nifty Metal Today: Index Falls 2.45% as 12 Stocks Decline

Quick sector takeaways

Nifty Metal ended 2.45% lower at 13,193.90, down 331.45 points from its previous close of 13,525.35.
The index traded between 13,435.20 and 13,186.60 during the session, finishing close to the day’s low.
Market breadth was weak: 12 of 16 tracked stocks declined, while four advanced and none were unchanged.
Adani Enterprises, Hindustan Zinc, National Aluminium Company and Vedanta were among the notable laggards, while NMDC, Ratnamani Metals & Tubes, Jindal Steel & Power and Welspun Corp gained.

What to watch: Whether the next session sees broader participation beyond the four advancing stocks, and how the largest declining names perform after the sharp end-of-session sector setback.

Nifty Metal today: end-of-session sector wrap

The nifty metal today update reflects a distinctly weak end to the session for the metal index. Nifty Metal closed at 13,193.90, compared with 13,525.35 in the previous session, marking a fall of 331.45 points or 2.45%.

The index opened at 13,425.80 and reached an intraday high of 13,435.20 early in the session. It subsequently moved lower, touching a day low of 13,186.60 before ending at 13,193.90. The close was only 7.30 points above the day’s low, an observation that places the finish near the lower end of the day’s trading range.

The decline was accompanied by broad-based weakness among the displayed metal stocks. While a handful of names closed higher, the number of decliners substantially exceeded advancers, underlining the pressure visible across the index during this closing-bell wrap.

Price snapshot

Metric	Level	Session reading
Previous close	13,525.35	Reference level for the day
Open	13,425.80	Below the previous close
Day high	13,435.20	Highest index level of the session
Day low	13,186.60	Lowest index level of the session
LTP / close	13,193.90	Down 331.45 points, or 2.45%

The day’s high-to-low range was 248.60 points. Nifty Metal’s closing level remained below both its opening value and previous close, while the limited distance between the close and the intraday low kept the focus on the lower end of the session’s range.

Sector ranking

Nifty Metal was the top losing sector index among the configured sector indices tracked in this market update. Its 2.45% fall was steeper than the 1.69% decline in Nifty FMCG, the 0.29% fall in Nifty IT and the 0.04% dip in Nifty Auto. In contrast, Nifty Bank, Nifty Financial Services, Nifty Mid Select and Nifty Pharma ended higher.

This ranking places the metal pack at the weakest end of the configured sector performance list for 31 August 2026. The comparison is based on the actual daily percentage movement of each tracked sector index.

Constituent breadth

Sector breadth was negative, with 12 decliners and four advancers among 16 display-safe stocks. There were no unchanged stocks. The advance-decline ratio stood at 0.33, meaning that every advancing stock was matched by three declining stocks.

This breadth reading aligns with the index’s 2.45% decline. It also shows that the move was not confined to a single stock: losses were spread across a larger group of tracked names, even as a small set of stocks managed to finish in positive territory.

Heavyweights versus broader participation

The heavyweight group was largely under pressure. Adani Enterprises Ltd. fell 9.76% to ₹2,859.10. JSW Steel Ltd. declined 2.04% to ₹1,307.70, while Tata Steel Ltd. lost 1.15% to ₹184.35. Hindustan Zinc and Vedanta also closed lower by 4.27% and 3.39%, respectively.

The supplied most-active stock list featured the same set of names: Adani Enterprises, JSW Steel, Tata Steel, Hindustan Zinc and Vedanta. Their negative daily moves provided a clear view of the pressure among prominently tracked stocks in the index.

Key Nifty Metal stocks

Stock	Move	Why it matters
Adani Enterprises Ltd.	₹2,859.10, down 9.76%	It was the steepest percentage decliner among the highlighted stocks.
Hindustan Zinc Ltd.	₹595.45, down 4.27%	Its fall was among the largest in the sector’s losing group.
National Aluminium Company Ltd.	₹381.50, down 3.41%	It added to weakness among the major negative movers.
Vedanta Ltd.	₹278.20, down 3.39%	It closed lower alongside other key index stocks.
NMDC Ltd.	₹88.20, up 1.66%	It led the advancing stocks and closed at its day high.

Biggest positive movers

NMDC Ltd. was the top gainer, rising 1.66% to ₹88.20. Ratnamani Metals & Tubes gained 1.48% to ₹2,649.70, while Jindal Steel & Power advanced 1.16% to ₹1,192.90. Welspun Corp added 0.72% to ₹2,391.00.

NMDC and Jindal Steel & Power closed at their respective day highs of ₹88.20 and ₹1,192.90. Ratnamani Metals & Tubes traded between ₹2,533.40 and ₹2,680.00, and Welspun Corp between ₹2,328.00 and ₹2,425.00.

Biggest negative movers

Adani Enterprises led the declines with a 9.76% fall. Its LTP of ₹2,859.10 was also its day low, after opening at and recording a day high of ₹3,165.00. Hindustan Zinc fell 4.27% to ₹595.45, while National Aluminium Company dropped 3.41% to ₹381.50 and Vedanta lost 3.39% to ₹278.20.

Steel Authority Of India Ltd. declined 2.50% to ₹195.00, matching its day low. Hindalco Industries and JSW Steel also ended lower by 2.12% and 2.04%, respectively.

Stocks to watch next session

Adani Enterprises Ltd.: after a 9.76% decline and a close at its day low.
Hindustan Zinc Ltd.: after a 4.27% fall to ₹595.45.
National Aluminium Company Ltd.: after a 3.41% decline to ₹381.50.
NMDC Ltd.: after leading the gainers with a 1.66% rise to its day high.
Jindal Steel & Power Ltd.: after gaining 1.16% and closing at its day high.
Ratnamani Metals & Tubes Ltd.: after advancing 1.48% to ₹2,649.70.

The constructive case

The positive evidence within the sector came from four advancing stocks despite the index-wide decline. NMDC led the gainers, followed by Ratnamani Metals & Tubes, Jindal Steel & Power and Welspun Corp. NMDC and Jindal Steel & Power ended at their intraday highs, which is a factual indication of where they finished within their individual daily ranges.

These advances show that performance was not uniformly negative across every displayed metal stock. For the next session, the participation of these gainers alongside any change in overall breadth will be relevant for tracking the sector’s internal balance.

The cautious case

The cautious reading is shaped by the index’s 2.45% decline, its close near the day low and the 12-to-four decline-advance breadth. Large percentage losses in Adani Enterprises, Hindustan Zinc, National Aluminium Company and Vedanta added to the negative tone.

Several other stocks, including SAIL, Hindalco, JSW Steel, APL Apollo Tubes, Hindustan Copper, Tata Steel, Lloyds Metals & Energy and Jindal Stainless, also ended lower. The next session will show whether this broad pressure eases or remains visible across the sector.

Univest Insights

Nifty Metal’s close at 13,193.90 marked the sharpest decline among the configured sector indices on 31 August 2026. The index opened below its previous close, registered only a modest move above the opening level at its high, and spent the rest of the session moving towards its intraday low.

Breadth was a key feature of the session. With 12 decliners out of 16 displayed stocks, the sector’s negative finish had wider participation than the gains in NMDC, Ratnamani Metals & Tubes, Jindal Steel & Power and Welspun Corp.

The contrast between the gainers and losers was notable. NMDC and Jindal Steel & Power ended at their day highs, while Adani Enterprises and SAIL ended at their day lows. These are session-level observations that frame the dispersion within the metal basket.

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Published on 31 August 2026 at 4:18 PM IST

Frequently asked questions

What was Nifty Metal today?

Nifty Metal closed at 13,193.90 on 31 August 2026, down 331.45 points or 2.45% from its previous close of 13,525.35.

Why was Nifty Metal the top losing sector index?

Nifty Metal fell 2.45%, which was the steepest decline among the configured sector indices in this update.

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

The index recorded a day high of 13,435.20 and a day low of 13,186.60.

How was the breadth in Nifty Metal stocks?

Of 16 displayed stocks, 12 declined and four advanced. No stocks were unchanged.

Which stocks gained in the Nifty Metal index?

NMDC, Ratnamani Metals & Tubes, Jindal Steel & Power and Welspun Corp closed higher.

Which stocks were the biggest losers in Nifty Metal?

Adani Enterprises was the largest loser, followed by Hindustan Zinc, National Aluminium Company, Vedanta and SAIL.

Disclaimer

Investments in securities markets are subject to market risks. Read all related documents carefully before investing. This sector-index update is for informational and educational purposes only and is not personalized investment advice or a recommendation to buy, sell, or hold any security.