On January 2, 2026, at 12:11 PM IST, India’s Nifty Metal index surged 1.23% to a record high of 11,394.75, led by Tata Steel, JSW Steel, Hindalco, and Vedanta. Strong global prices and infrastructure demand fueled the rally, reinforcing investor confidence in India’s metals sector growth outlook.
India’s Nifty Metal index (.NIFTYMET) surged to a record high of 11,394.75 on Friday, January 2, 2026, at 12:11 PM IST, rising as much as 1.23% intraday. The rally reflects strong investor confidence in the metals sector, buoyed by robust demand trends and optimism around global commodity prices.
Key highlights of the session include:
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The Nifty Metal index touched 11,394.75, marking its highest level ever recorded.
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Gains were led by Tata Steel, JSW Steel, Hindalco, and Vedanta, which saw strong buying interest.
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Analysts noted that the rally was supported by firm global metal prices, particularly in steel and aluminum, alongside expectations of higher infrastructure spending in India.
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Broader market sentiment remained upbeat, with the Nifty 50 trading 0.5% higher, reinforcing bullish momentum across sectors.
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Experts suggest that the metals index could continue its upward trajectory, driven by export demand, government-backed infrastructure projects, and resilient domestic consumption.
This record high underscores the metals sector’s pivotal role in India’s equity markets, with investors betting on sustained growth in industrial demand and profitability.
Sources: Reuters, Business Standard, Moneycontrol, NDTV Profit