Why Are Metal Stocks Falling Today? Vedanta, Hindustan Zinc, Hindustan Copper To Nalco Crashed

Metal Stocks Crash: Shares of metal sector companies such as Vedanta Limited, Hindustan Zinc, Hindalco, National Aluminium Company, and Jindal Steel declined sharply on Sunday, February 1. The sell-off extended losses from the previous session, as weakening global commodity prices continued to weigh on metal stocks.

Hindustan Zinc shares were down 9.55%, Vedanta shares were down 3.8%, National Aluminium Company Limited shares were down 7.2%, Vedanta Limited shares were down 3.85%, and NMDC shares were down around 0.99%.

Why Are Metal Stocks Falling Today?

The sharp decline in metal stock prices during Sunday's special trading session reflects a weaker sentiment prevailing across the commodities markets. Nifty Metal was down around 2.58% at 10 am.

Over the past two trading sessions, Hindustan Copper shares lost a market capitalisation of Rs 18,000 crore, and Hindustan Zinc stock's market capitalisation declined close to Rs 63,000 crore. NALCO's market capitalisation fell by Rs 15,200 crore, and Vedanta's market capitalisation has declined by around Rs 54,000 crore.

The Economic Survey signalled steady growth prospects for the Indian economy. Soft global cues and selling in sectors hurt sentiment.

Metal stocks declined mainly because investors booked profits after a month-long rally. Several sector shares had jumped as much as 56% by Thursday, with many touching all-time highs on January 29, 2026, increasing pressure to lock in gains.

Global developments have also contributed to the declining base metal prices and precious metal prices as well. MCX Copper futures ( with March expiry) were trading 6% lower. MCX Copper had dipped to an intraday low of Rs 1217.85 per kilogram. MCX Aluminium (with March expiry) dipped to an intraday low of Rs 299.5 per kilogram.

Apart from base metal prices, the sharp sell-off also impacted gold and silver prices. MCX Gold futures (with March expiry) declined nearly 7.75% during the intraday trade. MCX Silver futures (with March expiry) declined around 7.75% during the intraday trading session. The sharp correction in base metals and precious metals prices has come after a massive rally in the segment in January,

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