Hindustan Copper Shares Plunge, ₹18,000 Crore Market Cap Wiped Out Amid Metal Sell-Off

• Hindustan Copper shares tanked for the second consecutive day, losing ₹18,000 crore in market capitalization.
• The decline is part of a broader sell-off in metal stocks, with the Nifty Metal Index down over 4%.
• Global commodity markets, including gold and silver, experienced a brutal correction, impacting commodity-sensitive stocks.
• Gold and silver on the Multi Commodity Exchange opened with significant losses, extending declines to 9%.
• CME revised margins for Copper trades higher by 20% and also increased margins for Silver, Platinum, and Palladium contracts.

Why It Matters: Hindustan Copper and other metal stocks faced a sharp decline due to a global commodity market sell-off.