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MetalsHigh impactPre-market

Metal stocks decline sharply amid geopolitical tensions

pre-market1 source ↓written by the desknot a recommendation

Metal index dropping
4.25%
10,927
Hindustan Copper plummeted
6.4%
Steel fell between
4.3%
6%

Metal stocks faced significant selling pressure on 23 Mar 2023, with the Nifty Metal index dropping 4.25% to 10,927. Hindustan Copper plummeted 6.4%, while Vedanta and Tata Steel fell between 4.3% and 6%. This decline is attributed to the ongoing US-Iran conflict and energy supply disruptions, marking a 10.8% drop for the month.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Mar 2026, 07:09 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

HINDCOPPER closed +3.2% on the day of the news, from ₹449.15 to ₹463.55; Nifty +1.8% over the same session.

Bulletin at 07:09 IST on 24 Mar 2026. Every change is measured from ₹449.15, the last close before it, on 23 Mar. Nifty 50 is measured over the same sessions.

  • HINDCOPPER close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
HINDCOPPER closes around the bulletin against the close before the news, with Nifty 50 rebased to it389.14459.60530.05axis spans 36%before the news · 23 Mar449.15Nifty 50HINDCOPPERbulletinD0+1+3+517 Mar30 Mar10 AprReference close ₹449.15. 16 sessions from 17 Mar to 10 Apr; the price axis spans 36 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before23 Mar₹449.15basebase
On the day24 Mar₹463.55▲ +3.2%▲ +1.8%+1.4 pp difference
+1 session25 Mar₹480.55▲ +7.0%▲ +3.5%+3.5 pp difference
+3 sessions30 Mar₹453.50▲ +1.0%▼ −0.8%+1.8 pp difference
+5 sessions2 Apr₹495.15▲ +10.2%▲ +0.9%+9.3 pp difference
Gap at the open, % · ₹
▲ +3.2%+14.46 on 24 Mar
Day's range, % · ₹
4.8%≈ 22 high to low
Volume on the day
0.95×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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