Metal index tops the rank of worst performers in Feb, rebound may not hold

Hindustan Copper and Vedanta may fall up to 19 per cent due to their weak chart structures.

Avdhut Bagkar | Mumbai
Last Updated at March 1, 2023 11:50 IST

Worst post-Budget one-month performance in 18 years for stock markets

Nifty Metals index tumbled 18.50 per cent in February

Nifty metal index tops the lists of worst performers in February by falling over 18.50 per cent. The index is followed by Nifty media index, which tumbled 10.20 per cent. While metal stocks exhibited a smart rebound on Wednesday, with Jindal Steel & Power and Hindustan Zinc soaring over 3 per cent, the question is whether this recovery in metals stock will continue to see higher levels.

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