The NIFTY Metal Index surged 2.83% to 11,637.35 on March 17, 2026, driven by broad-based buying across metal stocks. The rally was supported by a weakening US dollar, rising global prices of copper, aluminum, and steel, and optimism around safeguard duties on steel imports. The BSE Metal index also gained 2.9%, reflecting strong sector-wide sentiment. Recent safeguard duties of 11–12% on select steel imports have boosted domestic producers by limiting cheaper inflows. Among key movers,

SAIL

and

NATIONALUM

rose over 6% each, snapping recent losses and contributing significantly to the index’s upward momentum. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.

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