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Hindalco Stock Jumps Over 3% After Intraday Surge; Nifty Metal Index Gains 2% Amid Rising Aluminium Prices
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Hindalco Surges 3% as Metal Stocks Rally on Middle East Supply Woes
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Moneycontrol
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05-03-2026, 16:23
Hindalco Surges 3% as Metal Stocks Rally on Middle East Supply Woes
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Hindalco stock rose over 3% after an intraday surge, contributing to the Nifty Metal index's 2% gain.
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Aluminum prices climbed due to intensified Middle East supply disruptions, including a Qatar smelter shutdown.
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Broader market saw Sensex up 1.14% and Nifty up 1.17%, with strong market breadth.
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Other metal stocks like JSW Steel, Tata Steel, Nalco, Vedanta, and Hindustan Zinc also posted gains.
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Shipping disruptions in the Strait of Hormuz further raised concerns for global aluminum supply chains.
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