Nifty Metal Index Rises 2.7% Amid Positive Base Metal Prices and Policy Support

Metal stocks in India rose notably, with the Nifty Metal Index gaining 2.7% on Wednesday and 8% over the past month, outperforming the broader market. Key stocks like Lloyds Metals and Energy, National Aluminium Company, and Vedanta saw increases between 4.5% and 7.5%. Analysts attribute the rally to firm base metal prices, easing US tariff concerns, and strong domestic steel demand supported by recent safeguard duties and green steel policies. The sector shows potential for further gains amid positive market sentiment.