New Delhi, March 26 -- Nifty Metal has declined by 8.53% over the past month due to a mix of heightened global risk aversion linked to the West Asia conflict, tariff news, volatility in base metal prices, increased trading margins, and substantial profit-taking in stocks that excelled throughout 2025.

The brokerage firm, Axis Securities, continues to have a positive outlook on the metals sector as a whole and suggests a "Buy on Dips" approach, since the factors driving demand, coupled with supply limitations, support non-ferrous metals, while the safeguard duty and strong domestic steel demand benefit Indian steel producers.

Although the valuations are not inexpensive as stocks have not significantly corrected during the broader market ...