Metal Stocks Tumble Up to 5% as Profit Booking, Silver Outflows Hit Market

• Major metal stocks like Hindustan Zinc, NALCO, and Vedanta fell up to 5% today due to profit booking after a strong rally.
• The Nifty Metal Index was the biggest sectoral loser, with all 15 shares trading in the red.
• Hindustan Zinc, India's only listed silver-linked company, saw the steepest fall, impacted by potential silver outflows.
• Global brokerages predict significant silver outflows ($5-7 billion) due to Bloomberg Commodity Index rebalancing (Jan 9-15).
• Experts suggest long-term potential in some metal stocks like Tata Steel, JSW Steel, NALCO, and Hindalco, despite the current decline.

Why It Matters: Metal stocks declined sharply due to profit booking and anticipated silver outflows, but some hold long-term potential.