Metal stocks drop over 4% amid Hormuz crisis
after close1 source ↓written by the desknot a recommendation
- 11,353.05
- declines
- 7%
- 5%
The Nifty Metals Index fell over 4% to 11,353.05, leading sectoral losses today. Major players like NALCO and Hindalco saw declines of nearly 7% and 5%, respectively. The sell-off is attributed to rising crude oil prices and concerns over Iran's threats to close the Strait of Hormuz, impacting market sentiment significantly.
Not investment advice. For informational purposes only.