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

Read More: Protean eGov Share Price in Focus as Company Grants 3,39,665 Stock Options Under ESOP 2017!

Conclusion

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

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