Metal Stocks Plunge: Vedanta, Hindustan Zinc Lead ₹2 Lakh Crore Market Rout

• Metal stocks experienced a significant sell-off for the second consecutive day, following a sharp decline in global markets.
• The top five losers on the Nifty Metal Index collectively lost nearly ₹2 lakh crore in market capitalization over two trading sessions.
• Hindustan Zinc and its parent company, Vedanta, were major contributors to the losses, with Hindustan Zinc alone losing over ₹60,000 crore.
• Hindustan Copper saw the biggest decline on the Nifty Metal index, dropping over 15% and losing ₹18,000 crore in market cap.
• NALCO and Hindalco also suffered substantial losses, with NALCO losing over ₹15,000 crore and Hindalco ₹25,000 crore.

Why It Matters: Metal stocks, including Vedanta and Hindustan Zinc, faced a massive ₹2 lakh crore market cap erosion.