Nifty Metal Index is created to reflect the behviour and performance of the metal sectors including mining in India.
|Name||Percentage||Market Capitalization(in Cr.)|
|Jindal steel & Power||4.76%||33,581|
|APL Apollo Tubes Ltd||3.04%||21,452|
|National Aluminum Co||1.97%||13,903|
|Ratnamani Metal & Tubes||1.57%||11,081|
|Mishra Dhatu Nigam||0.42%||2,988|
There are a total of 4 Nifty Metal stocks present in the Nifty 50 Index.
JSW Steel, Coal India, Tata Steel, Hindalco Industries.
This indicates the significant presence of the metal sector by holding 2.97% share in the Nifty 50 Index.
Metals are universally traded and or used everywhere. Steel, Aluminium, Copper, Manganese, Special and alloys, Stainless steel etc. are extensively used. Other industrial products, Raw materials, Fuels, such as oil, refined product, Crude oil are also traded in Major exchanges. All those traded internationally subject to export and import controls,Duties, Levies, Taxes levied by exporting countries. Inventory or storage is one of the factors which affect base metals prices.
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