Metal stocks decline over 4% amid Hormuz crisis
pre-market1 source ↓written by the desknot a recommendation
- 11,353.05
- plummeted
- 7%
- dropped
- 5%
The Nifty Metals Index fell over 4% to 11,353.05, led by significant drops in key stocks. NALCO plummeted nearly 7%, while Hindalco dropped 5%. The sell-off is attributed to rising crude oil prices and concerns over the closure of the Strait of Hormuz amid escalating tensions in West Asia. 📉
Not investment advice. For informational purposes only.