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On March 4, 2026, at 11:35 AM IST, India’s Nifty Metal Index fell 4.7% as global volatility and surging crude prices rattled investor sentiment. Heavyweights like Hindustan Zinc, Vedanta, and NALCO led the decline, reflecting sector-wide weakness amid geopolitical tensions and energy market disruptions.
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Key Highlights
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Index performance: At 11:35 AM IST, the Nifty Metal Index dropped 4.7%, making it one of the worst-performing sectoral indices of the day.
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Stock-specific declines: Hindustan Zinc, Vedanta, and NALCO were among the hardest hit, with losses ranging between 4–6%.
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Broader market impact: The Sensex plunged over 1,500 points to 78,734.52 (-1.87%), while the Nifty 50 slipped below 24,400, down 1.99%.
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Volatility surge: India VIX spiked 21%, signaling heightened investor anxiety and risk-off sentiment.
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Global cues: Analysts attribute the sell-off to escalating Middle East tensions, disruptions in energy shipments, and crude oil prices hitting a 19-month high, which weighed heavily on metals and energy-linked sectors.
This sharp fall underscores the vulnerability of India’s metal sector to global shocks. With geopolitical risks and commodity price volatility rising, investors are bracing for continued uncertainty in the near term.
Sources: The Economic Times, Mint
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