Metal Stocks Decline Amid US-Iran Tensions and Rising Crude Oil Prices

Indian metal stocks fell sharply amid escalating tensions in the US-Iran conflict and concerns over the Strait of Hormuz. Key companies like NALCO, Hindustan Zinc, Tata Steel, and Hindalco saw declines between 4% and 7%, driven by fears of disrupted gas supply and rising crude oil prices. The market anticipates weaker industrial demand and Q4 earnings for metal firms, while global metal prices showed mixed movements amid ongoing geopolitical uncertainty.