Metal Stocks Snap 7-Day Rally as Commodities Tumble; Hind Zinc, NMDC Fall Up to 3%

• Metal stocks ended a seven-session gaining streak on December 29, with heavyweights like Hindustan Zinc and NMDC falling up to 3%.
• The Nifty Metal index dropped 0.16% due to sharp declines in commodity prices including gold, silver, and copper.
• The earlier rally was fueled by expectations of Fed rate cuts, China's policy support for infrastructure, tight supply, and a softer US dollar.
• Easing geopolitical tensions and China’s export restrictions contributed to the recent downturn in metal prices.
• While most metal stocks fell, Hindustan Copper, Welspun Corp, and Tata Steel bucked the trend with gains.

Why It Matters: Metal stocks saw a dip after a strong rally, influenced by global commodity prices and economic factors.