Nifty Metal Today: Index Gains 0.95% to 12,133.20

Updated: 16 Oct 2026 • 4:18 pm

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Nifty Metal Today: Index Gains 0.95% to 12,133.20

Quick sector takeaways

Nifty Metal ended 114.70 points, or 0.95%, higher at 12,133.20 on 16 October 2026.
The index moved up from its previous close of 12,018.50 and traded between 11,995.05 and 12,197.85 during the session.
Breadth was positive, with 13 of 16 Nifty Metal stocks advancing and three declining.
Welspun Corp, Lloyds Metals & Energy and National Aluminium were among the leading gainers, while Ratnamani Metals & Tubes was the steepest decliner. Next session, watch whether the index holds above its previous close and how broadly stock participation continues.

Nifty Metal today finished as the second-best gaining sector index in India’s NSE sector-index comparison. The closing move reflected broad participation across the sector’s stocks, with gainers outnumbering decliners by 13 to three.

Nifty Metal today: end-of-session wrap

Nifty Metal closed at 12,133.20, up 0.95% or 114.70 points from 12,018.50. The index opened at 12,057.15, already above the previous close, slipped to an intraday low of 11,995.05 and subsequently rose to 12,197.85. Its closing level was 64.65 points below the day’s high and 138.15 points above the day’s low.

The close above both the previous close and the opening level gives the session a constructive end-of-day profile. The intraday range of 202.80 points also shows that the sector saw movement on both sides before ending in positive territory. This is an observation of the day’s price path rather than a forecast for the next session.

Price snapshot

Measure	Level	Session reading
Previous close	12,018.50	Starting reference point
Open	12,057.15	Above the previous close
Day low	11,995.05	Lowest level during the session
Day high	12,197.85	Highest level during the session
Close	12,133.20	Up 114.70 points, or 0.95%

At the close, the index retained a substantial part of its intraday advance from the low, although it finished below the session peak. For traders following nifty metal today, the relationship between the 12,133.20 close, the prior close and the day’s range provides a clear starting reference for the next session.

Sector ranking

Nifty Metal was the second top gaining sector index because only Nifty IT posted a larger percentage gain among the tracked sector indices. The full session ranking, from strongest gain to steepest fall, was: Nifty IT, up 3.92%; Nifty Metal, up 0.95%; Nifty Auto, up 0.75%; Nifty Financial Services, up 0.09%; Nifty Bank, up 0.06%; Nifty Mid Select, down 0.04%; Nifty Pharma, down 0.14%; and Nifty FMCG, down 0.39%.

That ordering places metal ahead of the modest advances in financial services and banking, as well as ahead of the day’s declines in mid-select, pharma and FMCG. Nifty IT remained the clear leader, while Nifty Metal delivered the next strongest percentage rise.

Constituent breadth

The positive index close was accompanied by constructive breadth: 13 stocks rose, three fell and none were unchanged. The advance-decline ratio stood at 4.33, meaning gainers outnumbered decliners by more than four to one. This wider participation is notable because the sector’s positive session was not confined to one or two stocks.

Among the advancing names, gains extended across Welspun Corp, Lloyds Metals & Energy, National Aluminium, Hindustan Zinc, Jindal Stainless, Hindalco Industries, Jindal Steel & Power, JSW Steel, NMDC, Hindustan Copper, APL Apollo Tubes, SAIL and Vedanta. The declining names were Ratnamani Metals & Tubes, Tata Steel and Adani Enterprises.

Heavyweights versus broader participation

Within the heavyweight group, JSW Steel gained 1.32% to ₹1,216.30 and Hindustan Zinc rose 1.69% to ₹540.00. Vedanta edged up 0.08% to ₹246.10. In contrast, Tata Steel declined 0.51% to ₹175.50 and Adani Enterprises slipped 0.30% to ₹2,692.00.

The mix among these widely followed names underlines that the sector’s 0.95% rise was accompanied by broader stock participation rather than uniform strength in every large name. JSW Steel and Hindustan Zinc ended higher, while Tata Steel and Adani Enterprises finished lower.

Key Nifty Metal stocks

Stock	Move	Why it matters
Welspun Corp	+3.40% to ₹2,571.50	It was the sector’s largest percentage gainer.
Lloyds Metals & Energy	+2.08% to ₹1,851.70	It ranked second among the leading gainers.
National Aluminium	+1.84% to ₹324.25	It featured among the stronger positive movers.
Hindustan Zinc	+1.69% to ₹540.00	It added strength among heavyweight names.
Ratnamani Metals & Tubes	-1.61% to ₹2,523.90	It was the sharpest percentage decliner.

Biggest positive movers

Welspun Corp led the gainers with a 3.40% rise to ₹2,571.50, after trading between ₹2,500.00 and ₹2,630.00. Lloyds Metals & Energy advanced 2.08% to ₹1,851.70, with its intraday high at ₹1,875.00. National Aluminium gained 1.84% to ₹324.25, Hindustan Zinc added 1.69% to ₹540.00, and Jindal Stainless rose 1.64% to ₹736.55.

Biggest negative movers

Ratnamani Metals & Tubes declined 1.61% to ₹2,523.90 after ranging from ₹2,500.00 to ₹2,581.50. Tata Steel fell 0.51% to ₹175.50, while Adani Enterprises eased 0.30% to ₹2,692.00. These three declines did not overturn the sector’s positive breadth or its higher close.

Stocks to watch next session

Welspun Corp, after its 3.40% gain and ₹2,630.00 intraday high.
Lloyds Metals & Energy, following a 2.08% rise to ₹1,851.70.
National Aluminium, which closed at ₹324.25 after reaching ₹326.95.
JSW Steel, up 1.32% to ₹1,216.30.
Hindustan Zinc, up 1.69% to ₹540.00.
Ratnamani Metals & Tubes, after its 1.61% decline to ₹2,523.90.

The constructive case

The constructive evidence is visible in the index’s close above its previous close, its 0.95% advance and the 13-to-three positive breadth. The index also closed above its opening level of 12,057.15. Gains in Welspun Corp, Lloyds Metals & Energy, National Aluminium, Hindustan Zinc and Jindal Stainless added to the positive participation.

For a broader market perspective, follow the Univest Market View alongside the sector’s next price move. Nifty Metal’s position as the second-strongest sector index for the session is another measurable positive in this closing-bell snapshot.

The cautious case

The index did not close at its intraday high of 12,197.85, ending 64.65 points below that level. Three stocks also finished lower, led by Ratnamani Metals & Tubes. Tata Steel and Adani Enterprises were also in the red, showing that gains were broad but not universal.

The next session can clarify whether the index sustains its move above the previous close of 12,018.50. Watching the balance between advancing and declining stocks remains useful, particularly after a session in which the index ranged below and above its prior close.

Univest Insights

Nifty Metal today delivered a positive end-of-session result, combining a 0.95% index gain with favourable breadth. The close at 12,133.20 placed the index higher than both the prior close and the opening level, even after an early move to 11,995.05.

The leadership table was headed by Welspun Corp, followed by Lloyds Metals & Energy and National Aluminium. Meanwhile, gains in JSW Steel and Hindustan Zinc offered positive readings among key heavyweights, despite declines in Tata Steel and Adani Enterprises.

Relative performance also matters in a sector comparison. Nifty Metal trailed only Nifty IT’s 3.92% rise, while it outperformed Nifty Auto’s 0.75% gain and every other index in the session ranking.

In the next session, watch whether Nifty Metal holds above 12,018.50 and whether its advancing stocks continue to outnumber decliners.

Published on 16 October 2026 at 4:17 PM IST

Frequently asked questions

What was Nifty Metal today?

Nifty Metal closed at 12,133.20 on 16 October 2026, up 114.70 points or 0.95%.

Why was Nifty Metal the second top gaining sector index?

Its 0.95% rise was second only to Nifty IT’s 3.92% gain in the session ranking.

What were Nifty Metal’s day high and low?

The index recorded a day high of 12,197.85 and a day low of 11,995.05.

How was the breadth in Nifty Metal stocks?

Thirteen stocks advanced, three declined and none were unchanged.

Which stocks gained the most in Nifty Metal?

Welspun Corp rose 3.40%, Lloyds Metals & Energy gained 2.08%, and National Aluminium added 1.84%.

Which Nifty Metal stocks declined?

Ratnamani Metals & Tubes fell 1.61%, Tata Steel declined 0.51%, and Adani Enterprises eased 0.30%.

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.