{"id":20648,"date":"2025-10-25T00:13:17","date_gmt":"2025-10-25T00:13:17","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/10\/25\/metal-stocks-shine-nalco-hindalco-jump-up-to-4-5-as-nifty-metal-index-surges-2-markets-news\/"},"modified":"2025-10-25T00:13:17","modified_gmt":"2025-10-25T00:13:17","slug":"metal-stocks-shine-nalco-hindalco-jump-up-to-4-5-as-nifty-metal-index-surges-2-markets-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/10\/25\/metal-stocks-shine-nalco-hindalco-jump-up-to-4-5-as-nifty-metal-index-surges-2-markets-news\/","title":{"rendered":"Metal Stocks Shine: NALCO, Hindalco Jump Up To 4.5% As Nifty Metal Index Surges 2% | Markets News"},"content":{"rendered":"


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Last Updated:<\/span>

Shares of metal companies rallied sharply on October 24, defying the broader market downturn<\/h2>\n
\"Metal<\/p>\n

Metal Stocks <\/p>\n<\/figure>\n

Metal Shares Gain: <\/strong>Shares of metal companies rallied sharply on October 24, defying the broader market downturn. The surge pushed the Nifty Metal index up more than 2% to 10,457.40 in early trade before paring some gains to trade 1% higher at 10,359 around noon.<\/p>\n

Here are the key factors driving the rally in metal shares:<\/h3>\n

1. Trump\u2013Xi Meeting Hopes Ease Trade Concerns<\/h3>\n

Global metal prices surged after the White House confirmed that U.S. President Donald Trump will meet Chinese President Xi Jinping in South Korea on October 30, as part of Trump\u2019s Asia visit.<\/p>\n

The announcement came amid renewed trade tensions following Trump\u2019s plan to raise tariffs on Chinese imports to 155%. Investors are now hopeful that the meeting could ease trade hostilities, improving the global demand outlook for metals.<\/p>\n

White House Press Secretary Karoline Leavitt said Trump\u2019s itinerary includes stops in Malaysia, Japan, and South Korea, following his address at the APEC CEO Summit.<\/p>\n

2. Metal Prices Rise on Tight Supply and Global Stimulus Hopes<\/h3>\n

Aluminium prices on the London Metal Exchange (LME) climbed past $2,850 per tonne, supported by strong demand and tightening supply. The rally was further fueled by expectations of monetary easing from major central banks.<\/p>\n

Adding to the supply crunch, a smelter in Iceland temporarily shut operations due to equipment failure, likely affecting 100 kt of production. Copper prices also advanced about 2% on the LME.<\/p>\n

3. US Fed Rate Cut Expectations Lift Sentiment<\/h3>\n

Optimism around further rate cuts by the U.S. Federal Reserve added to the positive momentum. According to a Reuters poll, the Fed is expected to cut interest rates by 25 basis points to 3.75\u20134% on October 29, with another potential cut in December.<\/p>\n

Lower rates generally boost non-yielding assets like commodities, supporting investor appetite for metals.<\/p>\n

4. Top Metal Gainers<\/h3>\n

National Aluminium Company (NALCO) shares have gained more than 4 percent, while Hindalco Industries and Hindustan Copper shares have gained more than 3 percent each. Vedanta shares were up nearly 3 percent.<\/p>\n

Earlier during the day, Hindalco shares hit a 52-week high of Rs 826.50 apiece. This comes after its subsidiary Novelis said that its fire-damaged plant in Oswego will restart by the end of December, earlier than expected.<\/p>\n

Hindustan Zinc shares gained around 2 percent, while NMDC, Jindal Stainless Steel, Steel Authority of India (SAIL) and Jindal Steel and Power shares were up around 1 percent each.<\/p>\n

Heavyweights Tata Steel and JSW Steel shares were trading in the green with marginal gains.<\/p>\n

Bucking the trend, APL Apollo Tubes, Welspun Corp and Adani Enterprises shares were trading in the red.<\/p>\n

Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.<\/strong><\/p>\n

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\"Aparna<\/figure>\n

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Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Follow News18 on Google<\/a>. Join the fun, play QIK games on News18<\/a>. Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the\u00a0News18 App<\/a> to stay updated.<\/span><\/div>\n
First Published:<\/span><\/p>\n
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October 24, 2025, 13:33 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> markets<\/a> Metal Stocks Shine: NALCO, Hindalco Jump Up To 4.5% As Nifty Metal Index Surges 2%<\/span><\/div>\n
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Last Updated:October 24, 2025, 13:33 IST Shares of metal companies rallied sharply on October 24, defying the broader market downturn Metal Stocks Metal Shares Gain: Shares of metal companies rallied sharply on October 24, defying the broader market downturn. The surge pushed the Nifty Metal index up more than 2% to 10,457.40 in early trade…<\/p>\n","protected":false},"author":1,"featured_media":17332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-20648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/20648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=20648"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/20648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/17332"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=20648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=20648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=20648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}