Shares of metal companies such as Vedanta, NALCO, Hindustan Zinc and others dropped up to 3% despite the overall uptrend in the market on Thursday, as metal prices tumbled due to a stronger dollar and rising expectations of the reopening of the Strait of Hormuz.
National Aluminium Company (NALCO), Vedanta and Hindustan Zinc shares fell nearly 3% each, while Hindustan Copper declined around 2%. Hindalco Industries and APL Apollo Tubes shares dropped over 1% each, while NMDC, Jindal Steel and Jindal Stainless Steel shares slipped around 1% each.
