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NSE BSE
nifty metal

Nifty Metal

9439.3 -68.45 (-0.71%)
Dec 13 2024 03:30 PM Sector: -

26072

Nifty Metal

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No Data Available

Nifty Metal Performance

Day Range

Low9239.10 High9465.10
9439.30

52 Week Range

Low 7470.15 High 10322.05
9439.30

Open Price

9460.70

Prev. Close

9507.75

Volume (Shares)

.00

Total traded value

.00

Upper Circuit

.00

Lower Circuit

.00

    

An Overview

The Indian metals sector is one of the most important and strategic sectors of the economy, as it provides raw materials and intermediate products for various industries, such as infrastructure, construction, engineering, automotive, defence, and consumer goods. The sector also contributes to the foreign exchange earnings, employment generation, and social development of the country.

 

However, investing in the metals sector can be challenging, as it is exposed to various risks and uncertainties, such as global demand and supply dynamics, commodity price fluctuations, currency movements, environmental regulations, and technological disruptions.

 

What is Nifty Metal?

To help investors gain exposure to the metals sector in a simple and efficient way, the National Stock Exchange (NSE) has launched an index called Nifty Metals, or Nifty Metal Index. This index is designed to reflect the behaviour and performance of the metals sector (including mining) in India. It consists of 15 stocks that are listed on the NSE, representing various sub-sectors, such as steel, aluminium, copper, zinc, and iron ore.

 

Why Nifty Metal?

Nifty Metal offers several benefits to investors who want to invest in the metals sector, such as:

 

  • Diversification: Nifty Metal provides exposure to a broad range of metals companies, covering different segments, products, and geographies. This reduces the concentration risk and enhances the portfolio diversification.

  • Growth potential: Nifty Metal captures the growth potential of the metals sector, which is expected to benefit from the increasing domestic and global demand, driven by the economic recovery, infrastructure development, urbanisation, and industrialization. The companies in the index are also well-positioned to leverage the opportunities arising from the green transition, such as renewable energy, electric vehicles, and recycling.

  • Liquidity: Nifty Metal comprises liquid and actively traded stocks, which ensures easy entry and exit for investors. The index also has a high correlation with the broader market indices, such as Nifty 50 and Nifty 500, which makes it suitable for hedging and arbitrage purposes.

  • Transparency: Nifty Metal follows a clear and objective methodology for selecting and weighting the constituents, based on the free-float market capitalization approach. The index is rebalanced semi-annually, and the changes are announced in advance. The index values are calculated and disseminated in real-time, and the historical data is available on the NSE website.

 

How to Invest in Nifty Metal?

Investors can invest in Nifty Metals in various ways, such as:

 

  • Futures and Options: Nifty Metal has a dedicated futures and options (F&O) segment on the NSE, where investors can trade contracts based on the index. The F&O segment offers leverage, flexibility, and risk management tools for investors who want to take advantage of the price movements in the index.

  • Exchange Traded Funds (ETFs): Nifty Metal has several ETFs that track the index, such as the Nippon India ETF Nifty Metal, the ICICI Prudential Nifty Metals ETF, and the Kotak Nifty Metals ETF. These ETFs offer low-cost, passive, and diversified exposure to the index, and can be bought and sold on the NSE like any other stock .

  • Index Funds: Nifty Metal also has index funds that replicate the index, such as the Nippon India Index Fund - Nifty Metal Plan, the ICICI Prudential Index Fund - Nifty Metal Plan, and the Kotak Index Fund - Nifty Metal Plan. These funds offer similar benefits as the ETFs, but with the convenience of systematic investment plans (SIPs) and redemption facilities.

 

Wrapping Up

Nifty Metal is a new and innovative way to invest in the Indian metals sector, including mining. It offers exposure to a diversified and growth-oriented portfolio of metals companies, with high liquidity and transparency. Investors can invest in Nifty Metals through various instruments, such as F&O, ETFs, and index funds, depending on their risk appetite, return expectations, and investment horizon. Nifty Metals is a smart and simple way to participate in the metals boom of India.

 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory. 


Click Here For Research Disclaimers: https://bit.ly/3Tcsfuc

All Indices

  • NSE
  • BSE
NAME PRICE CHANGE CHANGE % PREVIOUS CLOSE
Nifty 50
24768.30
arrowup arrowndown
219.60 0.89% 24548.70 forward-arrow
India VIX
13.05
arrowup arrowndown
-0.14 -1.06% 13.19 forward-arrow
Nifty Bank
53583.80
arrowup arrowndown
367.35 0.69% 53216.45 forward-arrow
Nifty 100
25724.60
arrowup arrowndown
178.20 0.70% 25546.40 forward-arrow
Nifty 200
14035.90
arrowup arrowndown
79.45 0.57% 13956.45 forward-arrow
Nifty Fin Service
24880.40
arrowup arrowndown
153.45 0.62% 24726.95 forward-arrow
Nifty 500
23358.95
arrowup arrowndown
102.55 0.44% 23256.40 forward-arrow
NIFTY Alpha 50
58688.25
arrowup arrowndown
-337.65 -0.57% 59025.90 forward-arrow
Nifty Auto
23773.10
arrowup arrowndown
112.80 0.48% 23660.30 forward-arrow
Nifty CPSE
6523.05
arrowup arrowndown
26.20 0.40% 6496.85 forward-arrow
Nifty Energy
37194.20
arrowup arrowndown
169.25 0.46% 37024.95 forward-arrow
Nifty GS 4 8Yr
2982.68
arrowup arrowndown
-0.70 -0.02% 2983.38 forward-arrow
Nifty GS 8 13Yr
2762.38
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0.00 0.00% 2762.38 forward-arrow
NIFTY INDIA MFG
14385.05
arrowup arrowndown
10.25 0.07% 14374.80 forward-arrow
Nifty Infra
8951.70
arrowup arrowndown
105.05 1.19% 8846.65 forward-arrow
Nifty IT
45995.80
arrowup arrowndown
294.15 0.64% 45701.65 forward-arrow
Nifty Media
1953.25
arrowup arrowndown
-11.50 -0.59% 1964.75 forward-arrow
Nifty Metal
9439.30
arrowup arrowndown
-68.45 -0.72% 9507.75 forward-arrow
Nifty Midcap 50
16456.25
arrowup arrowndown
-7.60 -0.05% 16463.85 forward-arrow
Nifty MNC
29480.65
arrowup arrowndown
127.65 0.43% 29353.00 forward-arrow
Nifty Next 50
72965.95
arrowup arrowndown
-116.65 -0.16% 73082.60 forward-arrow
Nifty Pharma
22157.35
arrowup arrowndown
-71.95 -0.32% 22229.30 forward-arrow
Nifty PSE
10266.05
arrowup arrowndown
14.20 0.14% 10251.85 forward-arrow
Nifty PSU Bank
7020.80
arrowup arrowndown
-12.75 -0.18% 7033.55 forward-arrow
Nifty Pvt Bank
25952.60
arrowup arrowndown
207.15 0.80% 25745.45 forward-arrow
Nifty Realty
1085.05
arrowup arrowndown
-4.80 -0.44% 1089.85 forward-arrow
NIFTY SMLCAP 50
9342.50
arrowup arrowndown
-17.05 -0.18% 9359.55 forward-arrow
NIFTY TOTAL MKT
13186.25
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53.95 0.41% 13132.30 forward-arrow
Nifty100 Liq 15
6511.35
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80.00 1.24% 6431.35 forward-arrow
Nifty GS 10Yr
2444.15
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2.24 0.09% 2441.91 forward-arrow
Nifty FMCG
56869.40
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722.70 1.29% 56146.70 forward-arrow
Nifty Commodities
8729.65
arrowup arrowndown
5.10 0.06% 8724.55 forward-arrow
NIFTY CONSR DURBL
42903.35
arrowup arrowndown
411.40 0.97% 42491.95 forward-arrow
Nifty Consumption
11644.60
arrowup arrowndown
134.50 1.17% 11510.10 forward-arrow
Nifty Div Opps 50
6659.00
arrowup arrowndown
32.25 0.49% 6626.75 forward-arrow
Nifty FinSrv25 50
26665.25
arrowup arrowndown
72.55 0.27% 26592.70 forward-arrow
Nifty GrowSect 15
12224.45
arrowup arrowndown
120.50 1.00% 12103.95 forward-arrow
Nifty GS 10Yr Cln
892.18
arrowup arrowndown
0.67 0.08% 891.51 forward-arrow
Nifty GS 11 15Yr
3060.59
arrowup arrowndown
3.80 0.12% 3056.79 forward-arrow
Nifty GS 15YrPlus
3390.88
arrowup arrowndown
-0.44 -0.01% 3391.32 forward-arrow
Nifty GS Compsite
2859.63
arrowup arrowndown
0.00 0.00% 2859.63 forward-arrow
NIFTY HEALTHCARE
14351.20
arrowup arrowndown
-11.45 -0.08% 14362.65 forward-arrow
NIFTY IND DIGITAL
10081.30
arrowup arrowndown
75.50 0.75% 10005.80 forward-arrow
NIFTY LARGEMID250
16330.60
arrowup arrowndown
47.35 0.29% 16283.25 forward-arrow
NIFTY M150 QLTY50
25138.05
arrowup arrowndown
-17.75 -0.07% 25155.80 forward-arrow
NIFTY MICROCAP250
26014.55
arrowup arrowndown
-85.55 -0.33% 26100.10 forward-arrow
Nifty Mid Liq 15
14724.15
arrowup arrowndown
74.30 0.51% 14649.85 forward-arrow
NIFTY MID SELECT
13134.50
arrowup arrowndown
63.25 0.48% 13071.25 forward-arrow
NIFTY MIDCAP 100
58991.55
arrowup arrowndown
-30.15 -0.05% 59021.70 forward-arrow
NIFTY MIDCAP 150
21748.10
arrowup arrowndown
-21.95 -0.10% 21770.05 forward-arrow
NIFTY MIDSML 400
20552.15
arrowup arrowndown
-40.40 -0.20% 20592.55 forward-arrow
NIFTY OIL AND GAS
11160.30
arrowup arrowndown
38.05 0.34% 11122.25 forward-arrow
Nifty Serv Sector
33269.95
arrowup arrowndown
303.85 0.92% 32966.10 forward-arrow
NIFTY SMLCAP 100
19407.30
arrowup arrowndown
-59.25 -0.30% 19466.55 forward-arrow
NIFTY SMLCAP 250
18263.75
arrowup arrowndown
-66.55 -0.36% 18330.30 forward-arrow
NIFTY100 EQL Wgt
32867.45
arrowup arrowndown
65.95 0.20% 32801.50 forward-arrow
NIFTY100 LowVol30
19763.30
arrowup arrowndown
188.20 0.96% 19575.10 forward-arrow
NIFTY100 Qualty30
5800.20
arrowup arrowndown
41.05 0.71% 5759.15 forward-arrow
Nifty100ESGSecLdr
4137.15
arrowup arrowndown
30.25 0.74% 4106.90 forward-arrow
NAME PRICE CHANGE CHANGE % PREVIOUS CLOSE
SENSEX
82133.12
6.49 0.01% 82126.63 forward-arrow
BSE100
26274.29
189.11 0.72% 26085.18 forward-arrow
SNSX50
26065.20
240.79 0.93% 25824.41 forward-arrow
BSE200
11441.71
66.92 0.59% 11374.79 forward-arrow
BSE500
36746.91
167.61 0.46% 36579.30 forward-arrow
BSE CG
73065.89
133.21 0.18% 72932.68 forward-arrow
BSE CD
66838.76
753.15 1.14% 66085.61 forward-arrow
BSEPSU
20288.48
17.29 0.09% 20271.19 forward-arrow
TECK
20679.30
269.54 1.32% 20409.76 forward-arrow
BANKEX
60997.39
4.02 0.01% 60993.37 forward-arrow
AUTO
53861.06
245.80 0.46% 53615.26 forward-arrow
METAL
31741.18
-242.56 -0.76% 31983.74 forward-arrow
OILGAS
27081.39
63.13 0.23% 27018.26 forward-arrow
DOL30
7951.44
86.56 1.10% 7864.88 forward-arrow
DOL100
3205.13
25.08 0.79% 3180.05 forward-arrow
DOL200
2246.27
14.56 0.65% 2231.71 forward-arrow
REALTY
8448.93
-34.31 -0.40% 8483.24 forward-arrow
POWER
7574.08
-0.31 0.00% 7574.39 forward-arrow
BSEIPO
16600.30
-11.34 -0.07% 16611.64 forward-arrow
GREENX
7827.50
33.63 0.43% 7793.87 forward-arrow
CARBON
4344.48
15.78 0.36% 4328.70 forward-arrow
SMEIPO
113787.38
890.96 0.79% 112896.42 forward-arrow
INFRA
644.51
-0.88 -0.14% 645.39 forward-arrow
CPSE
3948.20
-0.24 -0.01% 3948.44 forward-arrow
MIDCAP
47776.62
-39.26 -0.08% 47815.88 forward-arrow
SMLCAP
56957.46
-167.68 -0.29% 57125.14 forward-arrow
BSEFMC
20864.10
221.71 1.07% 20642.39 forward-arrow
BSE HC
44049.87
-127.00 -0.29% 44176.87 forward-arrow
BSE IT
45687.93
258.85 0.57% 45429.08 forward-arrow
MFG
1026.15
7.01 0.69% 1019.14 forward-arrow
ALLCAP
10471.31
71.07 0.68% 10400.24 forward-arrow
COMDTY
7690.83
-6.94 -0.09% 7697.77 forward-arrow
CONDIS
10178.83
48.33 0.48% 10130.50 forward-arrow
ENERGY
11425.06
40.73 0.36% 11384.33 forward-arrow
FINSER
11993.45
43.01 0.36% 11950.44 forward-arrow
INDSTR
15858.48
-0.87 -0.01% 15859.35 forward-arrow
LRGCAP
9650.28
67.42 0.70% 9582.86 forward-arrow
MIDSEL
17945.53
33.11 0.18% 17912.42 forward-arrow
SMLSEL
8392.61
-39.55 -0.47% 8432.16 forward-arrow
TELCOM
3021.85
63.03 2.13% 2958.82 forward-arrow
UTILS
5808.02
5.31 0.09% 5802.71 forward-arrow
BHRT22
9012.31
58.81 0.66% 8953.50 forward-arrow
ESG100
411.26
3.56 0.87% 407.70 forward-arrow
MID150
16427.23
-13.51 -0.08% 16440.74 forward-arrow
SML250
7308.22
-33.49 -0.46% 7341.71 forward-arrow
LMI250
10858.15
60.70 0.56% 10797.45 forward-arrow
MSL400
12533.73
-27.07 -0.22% 12560.80 forward-arrow
BSEDSI
1039.17
5.22 0.50% 1033.95 forward-arrow
BSEEVI
947.72
0.26 0.03% 947.46 forward-arrow
BSELVI
1811.44
17.04 0.95% 1794.40 forward-arrow
BSEMOI
2322.97
1.80 0.08% 2321.17 forward-arrow
BSEQUI
1855.65
9.48 0.51% 1846.17 forward-arrow
DFRGRI
1479.52
-2.04 -0.14% 1481.56 forward-arrow
LCTMCI
9268.88
67.03 0.73% 9201.85 forward-arrow
BSEPBI
18911.51
113.31 0.60% 18798.20 forward-arrow

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Frequently Asked Questions

Why should I consider investing in the Nifty Metal index?

Answer Field

The Nifty Metal index is designed to reflect the behaviour and performance of the metals sector, including mining, in India. It comprises 15 stocks that are listed on the National Stock Exchange (NSE) and have a high correlation with the global metals prices. Investing in the Nifty Metals index can provide exposure to the growth potential of the Indian metals industry, which is expected to benefit from the increasing demand for metals in various sectors, such as infrastructure, automotive, and consumer goods. The Nifty Metals index also offers diversification benefits, as it has a low correlation with other major indices, such as the Nifty 50 and the Nifty Bank.

Can I use Nifty Metal for hedging and arbitrage purposes?

Answer Field

Yes, you can use Nifty Metal for hedging and arbitrage purposes, as it provides a liquid and transparent way to trade the metals sector in India. You can use Nifty Metals futures and options contracts to hedge your exposure to the metals price movements, or to take advantage of the price differences between the spot and futures markets. You can also use Nifty Metals exchange-traded funds (ETFs) to track the performance of the index and to arbitrage between the ETF and the underlying basket of stocks.

Is Nifty Metal a suitable investment for the ongoing metals boom in India?

Answer Field

The Nifty Metals index can be a suitable investment for the ongoing metals boom in India, as it captures the growth prospects of the Indian metals industry, which is driven by several factors, such as:

- The government's focus on infrastructure development, which requires large amounts of steel, aluminium, copper, and other metals.

- The rising demand for metals from the automotive sector, which is undergoing a shift towards electric vehicles and hybrid technologies.

- The increasing consumption of metals by the rural and urban population, especially for housing, appliances, and electronics.

- The availability of abundant natural resources, skilled manpower, and favourable policies for the metals sector.

How does Nifty Metal adapt to technological disruptions within the metals industry?

Answer Field

The Nifty Metals index adapts to technological disruptions within the metals industry by incorporating the latest innovations and best practices in its constituent companies. Some of the examples of technological disruptions that are affecting the metals industry are:

- Telematics and remote monitoring, which enable real-time data collection and analysis of the mining operations and equipment.

- Hybrid powertrain technology, which reduces fuel consumption and emissions by combining diesel and electric engines.

- Autonomous vehicles, which improve safety, efficiency, and productivity by eliminating human errors and fatigue.

- Digital and analytics, which enhance decision making, optimization, and performance management by using advanced tools and techniques.

Is Nifty Metal influenced by global geopolitical events, and how does it mitigate such risks?

Answer Field

The Nifty Metals index is influenced by global geopolitical events, as they can affect the supply and demand of metals, as well as the prices and exchange rates. Some of the examples of geopolitical events that can impact the metals industry are:

- Trade wars and protectionism, which can create barriers and uncertainties for the global trade of metals and related products.

- Conflicts and sanctions, which can disrupt the mining and transportation of metals in certain regions or countries.

- Environmental and social issues, which can raise the expectations and regulations for the sustainability and responsibility of the metals sector.

The Nifty Metal index mitigates such risks by:

- Having a diversified portfolio of companies that operate in different geographies, markets, and segments.

- Following the best practices and standards for corporate governance, compliance, and risk management.

- Engaging with the stakeholders and communities to address their concerns and expectations.

 

What are Nifty metal stocks?

Answer Field

Nifty metal stocks are shares of companies in the metals and mining sector, included in the Nifty Metal Index. These stocks represent industries like steel, aluminum, and copper, reflecting market trends in this segment.

In which year was the Nifty metal Index launched?

Answer Field

The Nifty Metal Index, launched in 2011, tracks 15 major companies in the metals and mining sector listed on the NSE. This index highlights leading performers in industries like steel, aluminum, and iron.

Can you trade shares on Nifty metal?

Answer Field

Yes, you can trade shares included in the Nifty Metal Index on the NSE. These stocks offer sector-specific investment opportunities. Investors can track performance trends in the metals and mining segment through this index.

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