New Delhi, Jan. 11 -- Metal stocks were among the hardest hit during last week's sell-off in the Indian stock market, with the Nifty Metal index falling nearly 3%, snapping its two-week winning streak and marking its biggest weekly decline since mid-November, even as the bull run in both precious and base metals continued.

From its record peak of 11,652 touched on January 6, the index is down about 5%.

Six of the 15 constituents closed with heavy losses during the week, led by Jindal Stainless, which tanked 9.7%. It was followed by Welspun Corp, Jindal Steel, Lloyds Metals & Energy, Adani Enterprises, and NMDC, all of which ended the week with losses ranging from 5% to 6.5%.

Although the rally in metal prices continued last week, inves...