Hindustan Copper Shares Plunge Second Day, Wipes Out ₹18,000 Crore Market Cap

• Hindustan Copper's shares plummeted for the second consecutive day, losing approximately ₹18,000 crore in market capitalization.
• The decline is attributed to heavy global selling in the commodity market, impacting gold, silver, and copper prices.
• Nifty metal index fell over 4%, making it one of the biggest sectoral losers.
• MCX saw gold and silver prices drop by up to 9% due to overnight global selling and increased margins on contracts.
• Investors await Union Budget 2026 for potential relief, as market uncertainty persists.

Why It Matters: Hindustan Copper's market cap dropped ₹18,000 crore due to global commodity market correction.