Metal Stocks Under Pressure as Silver Crash Hits Sector Sentiment

As on 23 March 2026, sharp selling pressure in bullion markets weighed on metal stocks and sectoral indices. MCX May silver contract dropped ~ 6% to ₹2.112lakh per kg, leading to a decline of up to 8% in Silver ETFs, while weak COMEX cues kept global sentiment subdued. Metal stocks reacted negatively, with

falling up to 5.73% in early trade. Broader pressure was visible as the Nifty Metal index slipped over 4% by 10:25 AM, with all major sectoral indices trading in the red. Escalation in Middle East tensions, with the US–Israel–Iran conflict entered its fourth week, has heightened inflation concerns, influencing bullion prices, metal stocks, and overall sectoral sentiment simultaneously. 📌 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.