Vedanta, NALCO, Hindalco, Hindustan Zinc and Tata Steel drop as much as 9% on metal-price weakness

Shares of aluminium- and zinc-linked companies fell sharply, with Vedanta down 8.85%, NALCO down 4.4%, Hindalco down 2.72% and Hindustan Zinc down 2.81%. The declines were driven by weaker aluminium prices amid rising Chinese exports and near record-high domestic production. While zinc pricing was not detailed, Hindustan Zinc’s drop pointed to broad pressure across metal stocks. Kotak said global aluminium supply constraints outside China persisted, keeping medium-term balances relatively tight.