Commodities Sector

Indian benchmark indices ended sharply lower on June 8, 2026, with Nifty closing at 23,123 and Sensex falling 719 points as geopolitical tensions between Iran and Israel, rising crude oil prices, weak global market sentiment, and US rate hike fears triggered a broad-based selloff across sectors.

Vedanta Ltd shares declined 3.71% as investors reacted to CopperTech Metals' planned NYSE listing and auditor warnings about the company's ability to continue as a going concern. The Vedanta-owned copper business is seeking capital to fund a $2.7 billion expansion of Zambia's Konkola Copper Mines despite significant debt, operational losses, and a challenging financial outlook.

The Indian stock market closed slightly lower on June 5, 2026, as investors reacted to the RBI's decision to keep interest rates unchanged while raising inflation projections and lowering GDP growth forecasts. Nifty ended below 23,400, Sensex slipped 117 points, while Bank Nifty outperformed. Adani Enterprises and Bajaj Finance gained, whereas Wipro and Trent declined amid stock-specific developments.

Rajesh Exports is under intense scrutiny after SEBI accused the company of inflating revenues by ₹15.15 lakh crore between FY21 and FY25. With promoter Rajesh Mehta barred from trading, a forensic audit ordered, and the stock hitting consecutive lower circuits, investors are closely watching the next developments.

NMDC reached a new 52-week high following strong May 2026 production growth, record iron ore sales, and robust Q4 FY26 earnings. Backed by higher realizations, healthy profitability, and a long-term expansion roadmap targeting 100 million tonnes of production capacity by 2030, the company continues to strengthen its position as India's leading iron ore producer.

MSCI's latest index rebalancing is expected to drive significant passive fund flows across Indian equities. Federal Bank, MCX, NALCO and Indian Bank emerge as key beneficiaries, while Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers and RVNL face selling pressure due to exclusions.

Indian benchmark indices staged a strong intraday recovery on May 18, 2026, despite a sharp opening selloff caused by escalating US-Iran tensions, Brent crude crossing $111 per barrel, and the rupee hitting record lows. IT and pharma stocks supported the rebound as Nifty and Sensex closed marginally in the green.

The Indian benchmark indices staged a strong recovery on May 14, 2026, driven by strong quarterly earnings, bargain buying, and improving global sentiment. Pharma, healthcare, metal, and financial stocks witnessed robust gains, while IT shares remained under pressure due to rising concerns over AI-led disruption in the outsourcing sector. Cipla, Adani Enterprises, Bharti Airtel, and Zydus Lifesciences emerged among the top trending stocks of the day.

Metal stocks outperformed on May 13, 2026, with the Nifty Metal Index rising 3.18% after the government raised import duties on gold and silver. Tata Steel and Hindalco surged to fresh 52-week highs, driven by strong fundamentals, global commodity strength, and positive earnings outlook.

Jewellery stocks remained under pressure for the third straight session after the government increased gold and silver import duties from 6% to 15%. Shares of Sky Gold plunged over 11%, while Kalyan Jewellers and Thangamayil Jewellery also declined sharply amid fears of weaker consumer demand, rising costs, and pressure on profit margins.