New Delhi, Jan. 8 -- Metals faced intense selling pressure in Thursday's trade (January 8), with the Nifty Metal index plunging as much as 3.5% to 11,124.70 on the National Stock Exchange (NSE).

All 15 Nifty Metal constituents were in the red at the time of writing this report. Hindustan Zinc emerged as the worst-performing metal stock, losing over 6% to trade at Rs.588.35, its lowest level since August 2024.

National Aluminium Company Limited (NALCO) and Hindustan Copper cracked 5% and 4.7%, respectively, while Vedanta shed over 3%.

The decline in these metal stocks coincided with a drop in base metal and silver prices, as the revenues, margins, and cash flows of these companies are closely tied to global commodity prices.

Copper and...