Nalco Share Price Jumps Over 4% as Aluminum Prices Rebound; Nifty Metal Index Climbs 2.5%

Written by: Kusum KumariUpdated on: 14 Jul 2026, 4:57 pm IST

NALCO, Hindalco and other metal stocks rallied on July 10 as aluminium prices rebounded over 5% from recent lows, lifting the Nifty Metal Index by 2.5%.

Metal stocks witnessed strong buying interest on July 10, 2026, with the Nifty Metal Index rising around 2.5% during intraday trade. Shares of NALCO, Hindalco, Hindustan Copper, SAIL, Tata Steel and JSW Steel advanced after aluminium prices recovered sharply from their recent lows.

Metal Stocks Lead the Rally

The Nifty Metal Index climbed to an intraday high of 12,822, outperforming the broader market.

Among the top gainers:

NALCO rose around 4%
Hindustan Copper gained nearly 4%
SAIL advanced more than 3%
Hindalco, JSW Steel, Tata Steel, Hindustan Zinc, Jindal Steel and Adani Enterprises gained around 2% to 2.5%

Aluminium Prices Recover

One of the main reasons behind the rally was the rebound in aluminium prices.

Aluminium prices have risen by more than 5% over the past 6 trading sessions after touching recent lows earlier this month. The recovery came as traders focused on concerns over global supply despite easing geopolitical tensions in the Middle East.

Other base metals, including lead, nickel and zinc, have also gained between 2% and 3% from their July lows.

Metal Stocks Recover After June Correction

Metal stocks have recovered well in July after witnessing heavy selling in June.

During June, several metal stocks had declined by as much as 20% due to profit booking and concerns over US tariff-related developments. However, improving commodity prices have helped the sector regain momentum this month.

Conclusion

Metal stocks extended their gains on July 10, 2026, as aluminium prices rebounded and supply concerns supported commodity prices.

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Published on: Jul 10, 2026, 3:38 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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