Nifty Metal Index Live – Share Price, Charts & Market Trends

Nifty Metal

Please note that stock prices are not displayed in real time. There may be a few minutes' delay.

Stock name

Price/ change

ADANIENT

ADANI ENTERPRISES LIMITED

2599.1

-12.1 (-0.46%)

APLAPOLLO

APL APOLLO TUBES LTD

1717.6

-11.6 (-0.67%)

HINDALCO

HINDALCO INDUSTRIES LTD

699.45

+6.6 (+0.95%)

HINDCOPPER

HINDUSTAN COPPER LTD

277.15

-3.55 (-1.26%)

HINDZINC

HINDUSTAN ZINC LIMITED

445.1

-0.45 (-0.1%)

JSL

JINDAL STAINLESS LIMITED

679.9

-17.95 (-2.57%)

JINDALSTEL

JINDAL STEEL & POWER LTD

953

-3.5 (-0.37%)

JSWSTEEL

JSW STEEL LIMITED

1041.4

-4.7 (-0.45%)

MOIL

MOIL LIMITED

387.85

-3.2 (-0.82%)

NATIONALUM

NATIONAL ALUMINIUM CO LTD

192.09

-0.16 (-0.08%)

RATNAMANI

RATNAMANI MET & TUB LTD.

2864

-0.6 (-0.02%)

SAIL

STEEL AUTHORITY OF INDIA

134.72

-1.78 (-1.3%)

TATASTEEL

TATA STEEL LIMITED

163.01

-2.9 (-1.75%)

VEDL

VEDANTA LIMITED

459.05

+0.75 (+0.16%)

WELCORP

WELSPUN CORP LIMITED

931.25

+8.75 (+0.95%)

Nifty Metal

Nifty Metal is a sectoral index on the NSE that tracks the performance of India's metal industry. It comprises key metal stocks, offering insights into market trends, growth, and sectoral movements. The index reflects the overall health of the metals sector, helping investors gauge industry performance and make informed investment decisions.

What is NIFTY Metal?

NIFTY Metal is a sectoral index on the NSE that tracks the performance of India’s metals sector. It comprises 15 listed companies, primarily from Metals & Mining (94.11%) and Capital Goods (5.89%). Eligible industries include Aluminium, Copper, Zinc, Iron & Steel, Precious Metals, and more. Launched on 12 July 2011 with a base date of 1 January 2004 and a base value of 1000, it has crossed 4,800 at ~4 P/E multiples. Reconstituted semi-annually, it adapts to industry changes. Managed by NSE Indices Limited, it follows a three-tier governance structure. Its variant, NIFTY Metal Total Returns Index, aids ETFs, funds, and benchmarking.

Nifty Metal stocks selection criteria

The NIFTY Metal share price is calculated using a free-float market capitalisation-weighted method, periodically capped relative to a base market capitalisation. To be included, a stock must be listed on NSE, part of NIFTY 500, and belong to the metals sector. It must have a 90% trading frequency and a six-month listing history (three months for IPOs). If eligible stocks drop below 10, additional stocks are chosen from the top 800 based on turnover and market capitalisation. It should preferably be in NSE’s F&O segment and adhere to a cap of 33% for a single stock and 62% for the top three stocks at rebalancing.

How is NIFTY Metal calculated?

Index value = Current market capitalisation / (Base market capitalisation × Base Index Value).

It is reviewed semi-annually based on six months of data, with cutoff dates on 31 January and 31 July. Any stock replacements take effect on the last trading day of March and September, with a four-week prior notice to the market.

Index value = Current market capitalisation / (Base market capitalisation × Base Index Value).

Frequently asked questions

Can we buy NIFTY Metal index?

Yes, you can trade shares of companies listed under the NIFTY Metal index, but you cannot buy the index directly. However, you can invest in Exchange-Traded Funds (ETFs) or index funds that track NIFTY Metal. Additionally, derivatives like futures and options allow traders to gain exposure to the index, similar to trading individual stocks.

How many companies are in NIFTY Metal?

The NIFTY Metal index comprises 15 companies from the metals and mining sector. These companies are selected based on their free-float market capitalisation and liquidity, ensuring the index accurately reflects the sector’s overall performance. The composition of the index is reviewed semi-annually to accommodate changes in market conditions and stock performance.

How can I invest in metal?

You can invest in metals through various options, including physical purchases of gold, silver, or platinum, exchange-traded funds (ETFs), and mutual funds that track metal prices. Additionally, commodities futures and mining stocks offer exposure to metal investments. Precious metal certificates and sovereign gold bonds are also viable alternatives for investors seeking indirect metal ownership.

What is the objective of NIFTY Metal?

The NIFTY Metal index aims to track the performance of the metals sector, including mining, by reflecting the market trends of key companies in this industry. It provides investors with insights into the sector’s growth and helps in assessing investment opportunities. The index is designed to offer a benchmark for the sector’s financial health and market dynamics.

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Nifty Metal

ADANIENT

APLAPOLLO

HINDALCO

HINDCOPPER

HINDZINC

JSL

JINDALSTEL

JSWSTEEL

MOIL

NATIONALUM

RATNAMANI

SAIL

TATASTEEL

VEDL

WELCORP

Nifty Metal

What is NIFTY Metal?

Nifty Metal stocks selection criteria

How is NIFTY Metal calculated?

Frequently asked questions

Disclaimer

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Nifty Metal

ADANIENT

APLAPOLLO

HINDALCO

HINDCOPPER

HINDZINC

JSL

JINDALSTEL

JSWSTEEL

MOIL

NATIONALUM

RATNAMANI

SAIL

TATASTEEL

VEDL

WELCORP

Nifty Metal

What is NIFTY Metal?

Nifty Metal stocks selection criteria

How is NIFTY Metal calculated?

Frequently asked questions

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