New Delhi, June 3 -- India's metals and mining sector delivered a largely resilient performance in the fourth quarter of FY26, supported by elevated commodity prices, strong domestic demand and continued operational efficiencies, according to Axis Direct's latest sector review.

While global macroeconomic uncertainty, energy market volatility and geopolitical tensions remained key overhangs, most companies under the brokerage's coverage reported earnings that either met or exceeded expectations.

Among aluminium manufacturers, Hindalco's operations in India and Novelis contributed to earnings growth, while NALCO benefited from effective cost management, though its performance was softer than the previous quarter. In the steel sector, Tata...