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VERIFIEDET Stocks·negative
Hindustan Zinc, Vedanta, Nalco and other metal stocks slide up to 5%. Here's why
AI Summary
- ·Metal stocks declined up to 5% on Monday, with the Nifty Metal index falling over 2%.
- ·The decline was attributed to falling metal prices and expectations of higher-for-longer US interest rates.
- ·Profit booking after a strong August rally also impacted market sentiment.