VERIFIEDET Stocks·11 Sept 2026negative

Vedanta, Vedanta Aluminium, NALCO, other metal stocks fall up to 5% on Friday. Here’s why

AI Summary

·Vedanta, Vedanta Aluminium, Hindustan Copper, Tata Steel, and JSW Steel saw declines of 3-5%.
·The fall in metal stocks was attributed to soaring oil prices, rising US bond yields, and a stronger dollar.
·US 10-year Treasury yields surpassed 4.9%, reaching their highest point since 2023 due to inflation concerns and potential Fed rate hikes.