Vedanta, Vedanta Aluminium, NALCO, other metal stocks fall up to 5% on Friday. Here’s why
By
, ETMarkets.com
Synopsis
Metal stocks fell as soaring oil prices, rising US bond yields and a stronger dollar weighed on sentiment. Vedanta, Vedanta Aluminium, Hindustan Copper, Tata Steel and JSW Steel declined 3–5%. The US 10-year Treasury yield rose above 4.9%, its highest since 2023, as higher oil prices stoked inflation concerns and raised expectations of a potential Fed rate hike.
