India’s Nifty Metal Index surged 1.9% to a record high, driven by gains in major metal stocks like Tata Steel, Vedanta, and Hindalco. The rally extends a three-session winning streak, fueled by expectations of U.S. Fed rate cuts, rising commodity prices, and robust domestic demand.
The Nifty Metal Index marked a strong performance on October 29, 2025, surging 1.9% to close at a record high of 10,824.7 points. This marked the third consecutive session of gains, powered by broad buying interest in steel, aluminum, copper, and zinc stocks.
Key Highlights
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Top Gainers: Tata Steel jumped over 2.7% reaching a 52-week high, while Vedanta, Hindalco, JSW Steel, and SAIL all posted notable gains. Vedanta’s ambitious ₹1 lakh crore investment plan in Odisha bolstered investor sentiment.
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Market Drivers: The surge is driven largely by anticipation of a U.S. Federal Reserve interest rate cut, coupled with strong global base metal prices and growing domestic consumption.
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Sector Momentum: With the Nifty Metal index outperforming broader markets, it has delivered a 14% return in FY2025, double the Nifty 50 benchmark performance. Rising infrastructure and manufacturing activities support this momentum.
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Outlook: Analysts point to a potential metals supercycle sparked by supply-demand tightness and renewed fund inflows, suggesting sustained interest in metal stocks for the near term.
This rally underscores the metal sector’s pivotal role in India’s economic growth and industrial expansion, drawing significant investor attention.
Sources: Moneycontrol, Economic Times, Business Standard, News18, NSE India.