India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Indian metal stocks took a sharp hit on March 4, 2026, as risk-off sentiment spread across Dalal Street amid escalating Iran–Israel tensions and a jump in crude oil prices. Tata Steel led the fall, sliding as much as 8% to an intraday low near ₹194.43, as investors cut exposure to commodity-linked counters.
The weakness was broad-based. The Nifty Metal index dropped about 5% intraday, while Hindustan Copper and Vedanta traded lower by roughly 5% and 4%, respectively. Losses also extended to names such as Hindalco, SAIL, Hindustan Zinc, NMDC, APL Apollo Tubes and Welspun Corp, reflecting caution across ferrous and non-ferrous plays.
Market participants flagged rising energy costs, inflation worries, fears of a global growth slowdown, and sustained FII selling as key drags on sentiment. The broader market mirrored the pressure, with Sensex and Nifty sliding around 2% during the session.
Also Read : One move by Iran can shoot up oil & LNG prices of India High Strength Steel Market Gears Up for Major Growth Amid Sustainability Push
Vietnam has announced temporary anti-dumping duties ranging from 19.38% to 27.83% on specific hot-ro...
China 24-Feb-2025
The procurement of goods and services through the government portal GeM will exceed ₹4 trillion by t...
Notification 13-Feb-2024
The share of 'four-lane and above' highway stretches completed in the country between April and Janu...
Construction 19-Feb-2024
Indian government-run Manganese Ore miner MOIL ltd has revised prices for various grades of manganes...
Mid Corporate 01-Jul-2024
Coal PSUs under the administrative control of The Ministry of Coal have been at the forefront of doi...
Renewables 21-Feb-2024
✅ Govt imposes import curbs to boost domestic steel production.✅ Higher tariffs & qu...
Business 24-Mar-2025