Nifty Metal

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

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.

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

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.

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.

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.

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.

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.

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

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.