Indian Metal Stocks Update – July 2, 2025

The Nifty Metal Index ended the day up by 1.16%, closing near 9,676, as metal counters saw strong buying interest backed by global cues and firm commodity prices. Top movers today: •

closed at ₹163.2, gaining 2% on hopes of stronger demand and improved margins. • rose to ₹1,049.2, up 1.9%, supported by recovery in export demand. • advanced 0.9% to ₹700.5 amid continued strength in aluminium prices. • surged 3.6% to ₹944.4, driven by capacity expansion plans and strong order flows. Broader sentiment remained positive across the sector with 12 of the 15 Nifty Metal constituents closing in the green. Outlook: Investor sentiment in metals is riding high on infrastructure growth expectations, recovery in China, and supportive pricing. Watch for movement in the dollar index and raw material costs, which could impact margins going forward. Are you bullish on metal stocks this quarter?