Question 1

What is NIFTY METAL?

Accepted Answer

The Nifty Metal Index is intended to represent the performance and behaviour of India's mining industry, which includes the metals sector.

Question 2

Why is NIFTY METAL important?

Accepted Answer

NIFTY METAL is significant as it tracks the performance of metal sector stocks, offering insights into the industrial and economic health, commodity trends, and investor sentiment surrounding metal-related industries.

Question 3

How many companies are included in NIFTY METAL?

Accepted Answer

A maximum of 15 stocks that are listed on the National Stock Exchange (NSE) make up the Nifty Metal Index.

Question 4

What are some of the companies included in NIFTY METAL? How are they selected?

Accepted Answer

NIFTY METAL includes Tata Steel, Hindalco Industries, JSW Steel, Adani Enterprises, Vedanta Ltd., Jindal Steel & Power, and NMDC Ltd. Companies are selected based on market capitalization and sector representation.

Question 5

How is NIFTY METAL calculated? What does "price-weighted" mean?

Accepted Answer

NIFTY METAL is calculated based on the market capitalization of metal sector stocks. "Price - weighted" means stocks with higher prices exert more influence on the index, regardless of market capitalization.

Question 6

What is the market capitalization of NIFTY METAL?

Accepted Answer

As of February 2024, Nifty Metal comprises 15 stocks with a cumulative market capitalization of ₹1,489,887.96 crore, reflecting the sector's overall valuation.

Question 7

Can I invest directly in NIFTY METAL? How?

Accepted Answer

Shares of Nifty Metal can be purchased via a brokerage company. To purchase Nifty Metal Shares, you can place orders with BlinkX, an authorised broker.

Question 8

How do economic events and news affect NIFTY METAL?

Accepted Answer

Economic events and news impact NIFTY METAL by influencing metal prices, demand-supply dynamics, and investor sentiment, which collectively drive the performance of metal-related companies within the index.

Question 9

What industries are represented in NIFTY METAL?

Accepted Answer

NIFTY METAL represents industries like steel, aluminium, copper, and other metal-related
sectors involved in the mining, processing, and manufacturing of metal products.

Question 10

How often are the companies in NIFTY METAL reviewed and changed?

Accepted Answer

Companies in NIFTY METAL are reviewed semi-annually for inclusion or exclusion based on market capitalization, liquidity, and other criteria, ensuring the index reflects current market dynamics.

Company	Market Cap	Market Value
Hindalco Industries Ltd	188946.81	848.95 (0.96%)
Vedanta Ltd	197494.15	502.45 (-0.55%)
Tata Steel Ltd	220464	181.81 (2.92%)
Steel Authority of India Ltd	53676.18	132.16 (1.74%)
National Aluminium Company Ltd	43693.47	236.76 (-0.47%)
Hindustan Zinc Ltd	203787.14	471.20 (-2.30%)
Lloyds Metals & Energy Ltd	69901.8	1,319.00 (-0.66%)
Hindustan Copper Ltd	33695.95	342.30 (-1.72%)
Adani Enterprises Ltd	287748.8	2,494.40 (0.06%)
JSW Steel Ltd	281312.8	1,184.20 (2.92%)

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