Nifty Metal slips 5% in September post 29% 1 yr rally, October comeback ahead? Hindustan Zinc, NMDC, NALCO may shine
New Delhi, Sept. 29 -- Nifty Metal has declined nearly 5% over the past one month with National Aluminum Company (NALCO), NMDC, Hindustan Copper, Adani Enterprises, Vedanta Limited, etc emerging as the top laggards in September. Further upside in the index in October could depend on global metal prices, demand trends and domestic growth, however, elevated valuations may cap gains, according to experts.
With just one day left for the beginning of the new month, experts see October to be more stock-specific performance in the metal sector rather than a broad sector rally. Aluminium and copper linked businesses could benefit from the current scenario. Here's the list of top Nifty Metal gainers and losers at 12:30 pm on Tuesday, September 29...
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