Stock market today, April 4 -- Indian metal stocks faced heavy selling pressure from Dalal Street investors during intraday trade on Friday, April 4, causing the Nifty Metal index to erase gains amassed over 19 consecutive sessions in a single day. The index crashed 6.56% to hit a one-month low of 8,414 points.

This was also the biggest intraday drop for the index since March 2024. All 15 constituents of the index ended the session in deep red, with Hindustan Copper emerging as the biggest laggard, falling 9.13%. It was followed by NALCO, Vedanta, Tata Steel, and Hindalco Industries, each closing with losses of over 8%.

Other metal stocks such as NMDC, Jindal Stainless, Welspun Corp, Hindustan Zinc, Jindal Steel & Power, and SAIL also d...