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Metal shares witnessed buying demand for three consecutive trading sessions.
At 13:27 IST, the barometer index, the S&P BSE Sensex jumped 303.70 points or 0.41% to 74,625.53. The Nifty 50 index added 82.50 points or 0.36% to 23,353.60.
In the broader market, the Nifty Midcap 100 index rose 0.88%. The Nifty Smallcap 100 index rose 1.40%.
On the NSE, 2,276 shares were trading in green, while 1,202 shares were trading in red. A total of 102 shares were unchanged.
IPO Update:
National Stock Exchange of India (NSE) received bids for 8,48,73,944 shares as against 8,86,42,911 shares on offer, according to stock exchange data at 14:06 IST on 18 September 2026. The issue was subscribed 0.96 times.
The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 1,700 and 1,785 per share. An investor can bid for a minimum of 8 equity shares and multiples thereof.
Hero Motors received bids for 48,74,06,898 shares as against 8,86,07,596 shares on offer, according to stock exchange data at 14:06 IST on 17 September 2026. The issue was subscribed 5.50 times.
The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share. An investor can bid for a minimum of 178 equity shares and multiples thereof.
Buzzing Index:
The Nifty Metal index jumped 1.19% to Rs 13,012.10. The index jumped 2.71% in the three consecutive trading sessions
Welspun Corp (up 5.63%), Jindal Stainless (up 3.12%), Hindustan Zinc (up 2.39%), Hindustan Copper (up 2.27%), Adani Enterprises (up 2.04%), APL Apollo Tubes (up 2.01%), Lloyds Metals & Energy (up 1.56%), Steel Authority of India (up 1.52%), Vedanta (up 1.48%) and JSW Steel (up 1.14%) surged.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.07% to 7.056 compared with the previous session close of 7.051.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.8750 compared with its close of 95.8975 during the previous trading session.
MCX Gold futures for 5 October 2026 settlement rose 0.78% to Rs 1,54,141.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 100.36.
The United States 10-year bond yield added 0.06% to 4.950.
In the commodities market, Brent crude for the November 2026 settlement declined $1.71 or 1.63% to $103.11 a barrel.
Hindustan Zinc Ltd is up for a third straight session in a row. The stock is quoting at Rs 585.1, up 2.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 23325.6. The Sensex is at 74505.4, up 0.26%. Hindustan Zinc Ltd has risen around 5.04% in last one month.
Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has risen around 0.33% in last one month and is currently quoting at 12858.45, up 0.94% on the day. The volume in the stock stood at 48.26 lakh shares today, compared to the daily average of 67.37 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 585, up 1.93% on the day. Hindustan Zinc Ltd is up 29.15% in last one year as compared to a 7.9% drop in NIFTY and a 29.93% drop in the Nifty Metal index.
The PE of the stock is 14.33 based on TTM earnings ending June 26.
National Aluminium Company Ltd lost 4.07% today to trade at Rs 356.3. The BSE Metal index is down 2.76% to quote at 41045.06. The index is down 2.55 % over last one month. Among the other constituents of the index, Hindalco Industries Ltd decreased 4.06% and Hindustan Zinc Ltd lost 3.67% on the day. The BSE Metal index went up 26.2 % over last one year compared to the 8.88% fall in benchmark SENSEX.
National Aluminium Company Ltd has lost 14.86% over last one month compared to 2.55% fall in BSE Metal index and 4.69% drop in the SENSEX. On the BSE, 19614 shares were traded in the counter so far compared with average daily volumes of 4.13 lakh shares in the past one month. The stock hit a record high of Rs 445.1 on 27 Apr 2026. The stock hit a 52-week low of Rs 198.8 on 26 Sep 2025.
MFL India is a logistics solutions provider focused on enabling reliable, efficient, and sustainable movement of materials across critical industries.
Under the contract, extendable by a further two years, electric trucks will be progressively inducted to replace conventional diesel vehicles used for transporting zinc and lead concentrate from Rampura Agucha, the world’s largest underground zinc mining operations to its smelting operations in Rajasthan.
MFL will also establish and operate dedicated EV charging infrastructure to support the fleet, creating the ecosystem required for reliable electric mobility across a critical industrial logistics route.
Amarendu Prakash, CEO & whole-time director, Hindustan Zinc, said: 'The future of mining will be defined not only by the metals we produce, but by how responsibly and efficiently we produce and move them.
The contract for deployment of EV trucks for concentrate transportation is yet another step towards that future, demonstrating how industrial decarbonisation can strengthen competitiveness while creating an ecosystem in which our partners and communities grow with us.'
Hindustan Zinc, a Vedanta Group company, is the world’s largest integrated zinc producer and is amongst the top ten silver producers globally.
The company had reported a consolidated net profit of Rs 5,469 crore in Q1 FY27, which is higher by 145% as compared with the PAT figure of Rs 2,234 crore recorded in Q1 FY26. Revenue from operations stood at Rs 13,747 crore during the quarter, up 77% YoY.
The scrip shed 0.73% to currently trade at Rs 601.55 on the BSE.
Hindustan Zinc has signed a six-year transportation contract with MFL India for the deployment of 30 electric trucks for concentrate transportation, accelerating the electrification of its mine-to-smelter logistics network.
Under the contract, extendable by a further two years, electric trucks will be progressively inducted to replace conventional diesel vehicles used for transporting zinc and lead concentrate from Rampura Agucha, the world's largest underground zinc mining operations to its smelting operations in Rajasthan. MFL will also establish and operate dedicated EV charging infrastructure to support the fleet, creating the ecosystem required for reliable electric mobility across a critical industrial logistics route.
Market participants remained cautious ahead of the MSCI index rebalancing, which is expected to trigger sizeable passive fund flows under the new Closing Auction Session (CAS) mechanism. The Nifty traded below 24,050 mark.
Investors will closely track movements in crude oil and gold prices, domestic and US bond yields, the rupee, and developments surrounding the US-Iran conflict. The trajectory of monsoon rainfall and its implications for rural demand and inflation will also remain on the radar.
Metal stocks came under pressure after rising in the previous trading session
At 10:25 IST, the barometer index, the S&P BSE Sensex declined 469.98 points or 0.61% to 76,794.63. The Nifty 50 index dropped 162.35 points or 0.66% to 24,022.30.
In the broader market, the BSE 150 MidCap Index plunged 0.82% and the BSE 250 SmallCap Index tumbled 1.03%.
The market breadth was negative. On the BSE, 1,427 shares rose and 2,438 shares fell. A total of 337 shares were unchanged.
In the commodities market, Brent crude for the November 2026 settlement jumped $2.14 or 2.43% to $90.24 a barrel.
Earnings Today:
LEAP India (down 0.50%) and Milky Mist Dairy Food (up 0.07%) will announce their quarterly earnings today.
New Listings:
Shares of Augmont Enterprises were currently trading at Rs 947.85 at 10:12 IST on the BSE, representing a premium of 20.29% as compared with the issue price of Rs 788.
The stock debuted at Rs 956 on the BSE, a premium of 21.32% over its issue price.
So far, the stock has hit a high of Rs 1,019 and a low of Rs 942. On the BSE, over 8.25 lakh shares of the company were traded in the counter so far.
The Nifty Metal index declined 2.22% to 13,224.75. The index jumped 0.75% in the past trading session.
Hindustan Zinc (down 4.4%), Vedanta (down 3.61%), National Aluminium Company (down 3.32%), Adani Enterprises (down 2.97%), Hindalco Industries (down 2.95%), Tata Steel (down 2.59%), Lloyds Metals & Energy (down 2.31%), Jindal Steel (down 2.14%), APL Apollo Tubes (down 2.09%) and JSW Steel (down 1.94%) declined.
Stocks in Spotlight:
Transformers and Rectifiers (India) advanced 2.78% after the company announced that it has received a purchase order from Megha Engineering and Infrastructures (MEIL) for manufacturing transformers and related works.
Ashoka Buildcon gained 13.49% after the company announced that it has secured a Rs 602.16-crore order from Rail Vikas Nigam (RVNL) for electro-mechanical works for tunnels under the Rishikesh–Karnprayag rail project in Uttarakhand.
Hindustan Zinc Ltd fell 4.2% today to trade at Rs 595.6. The BSE Metal index is down 1.52% to quote at 42316.21. The index is up 3.37 % over last one month. Among the other constituents of the index, National Aluminium Company Ltd decreased 2.31% and Hindalco Industries Ltd lost 2.24% on the day. The BSE Metal index went up 39.25 % over last one year compared to the 3.36% fall in benchmark SENSEX.
Hindustan Zinc Ltd has added 10.43% over last one month compared to 3.37% gain in BSE Metal index and 1.23% drop in the SENSEX. On the BSE, 51864 shares were traded in the counter so far compared with average daily volumes of 4.39 lakh shares in the past one month. The stock hit a record high of Rs 732.6 on 28 Jan 2026. The stock hit a 52-week low of Rs 418 on 29 Aug 2025.
Hindustan Zinc Ltd gained for a third straight session today. The stock is quoting at Rs 609.6, up 2.47% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 24185.1. The Sensex is at 77293.52, down 0.32%. Hindustan Zinc Ltd has risen around 15.09% in last one month.
Meanwhile, Nifty Metal index of which Hindustan Zinc Ltd is a constituent, has risen around 6.87% in last one month and is currently quoting at 13172.6, up 1.22% on the day. The volume in the stock stood at 53.43 lakh shares today, compared to the daily average of 54.5 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 611.4, up 2.47% on the day. Hindustan Zinc Ltd is up 40.23% in last one year as compared to a 3.13% drop in NIFTY and a 41.29% drop in the Nifty Metal index.
The PE of the stock is 14.86 based on TTM earnings ending June 26.
Hindustan Zinc Ltd gained 2.44% today to trade at Rs 587. The BSE Metal index is up 0.38% to quote at 41858.08. The index is up 3.42 % over last one month. Among the other constituents of the index, National Aluminium Company Ltd increased 0.69% and Steel Authority of India Ltd added 0.63% on the day. The BSE Metal index went up 32.31 % over last one year compared to the 5.24% fall in benchmark SENSEX.
Hindustan Zinc Ltd has added 9.62% over last one month compared to 3.42% gain in BSE Metal index and 1.23% rise in the SENSEX. On the BSE, 38164 shares were traded in the counter so far compared with average daily volumes of 2.87 lakh shares in the past one month. The stock hit a record high of Rs 732.6 on 28 Jan 2026. The stock hit a 52-week low of Rs 418 on 29 Aug 2025.
National Aluminium Company Ltd lost 5.85% today to trade at Rs 379.35. The BSE Metal index is down 0.56% to quote at 41473. The index is up 2.78 % over last one month. Among the other constituents of the index, Hindalco Industries Ltd decreased 1.81% and Hindustan Zinc Ltd lost 0.82% on the day. The BSE Metal index went up 35.15 % over last one year compared to the 3.34% fall in benchmark SENSEX.
National Aluminium Company Ltd has added 4.95% over last one month compared to 2.78% gain in BSE Metal index and 0.93% rise in the SENSEX. On the BSE, 19568 shares were traded in the counter so far compared with average daily volumes of 4.04 lakh shares in the past one month. The stock hit a record high of Rs 445.1 on 27 Apr 2026. The stock hit a 52-week low of Rs 183.85 on 29 Aug 2025.