Anil Singhvi on Metal Stocks: 4 picks set to gain momentum—Key triggers explained

The Nifty Metal index saw mild profit booking today. The index slipped 65.9 points to 11,527.1. This marks a fall of 0.57 per cent. The decline comes after a sharp rally in recent weeks.

Despite today’s fall, the broader trend remains positive. The index has gained 3.79 per cent in the last one week. The one-month return stands at 9.42 per cent. So far this year, the index has surged 34.59 per cent.

Is this dip a buying opportunity?

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Market expert Anil Singhvi believes the current fall is not a trend reversal. He sees the dip as a tactical buying opportunity. According to Singhvi, the metal space is entering a recovery phase. Short-term corrections, he says, are healthy after a sharp up-move.

Singhvi’s outlook on metal stocks

Anil Singhvi expects metal stocks to rebound from current levels. He cites weakness in the US dollar as a key support. A softer dollar typically boosts metal prices globally. He also points to recovery in global metal prices. This, in his view, can support Indian metal stocks in the near term.

Singhvi highlights four metal stocks that could gain momentum. His preferred names include Hindustan Copper, Vedanta and Hindustan Zinc. These stocks, he says, are well placed to benefit from improving global cues.

Hindustan Copper: Tracking global copper prices

Shares of Hindustan Copper traded higher today. The stock was at Rs 552.40, up 0.84 per cent. Singhvi remains positive on copper-linked plays. He believes copper demand remains strong due to global recovery trends.

Vedanta: Mixed metals exposure seen as strength

Vedanta shares also moved up in trade. The stock gained 1.42 per cent to Rs 684.40. Vedanta’s diversified metals portfolio is a key positive, according to Singhvi. Firm trends in base metals could support the stock going ahead.

Hindustan Zinc: Sharp move on metal price support

Hindustan Zinc was the top gainer among Singhvi’s picks. The stock jumped 5.09 per cent to Rs 694.00. Zinc prices remain supported by global supply-demand dynamics. Singhvi believes this strength could reflect in stock performance.

Global cues support the metal theme

Global commodity markets remain in focus. Silver hit a record high in international markets. Gold traded close to an all-time peak. The surge came amid rising geopolitical tensions.

Concerns rose after US President Donald Trump pushed to take over Greenland. This move raised fears of a trade war between the US and Europe. As a result, investors moved towards safe-haven assets.

Precious metals rally adds to sentiment

Silver briefly touched $94.7295 an ounce. Gold hovered near $4,670 an ounce. The sharp rise in the previous session lifted overall metal sentiment. Later, prices edged slightly lower but remained elevated.

Uncertainty around US-Europe relations has unsettled markets. The situation has revived the so-called “Sell America” trade. Investors are closely watching how Europe responds.

Gold rally in 2026 highlights safe-haven demand

Gold prices have rallied strongly since the start of 2026. Prices are up Rs 10,400 per 10 grams so far this year. This translates into a gain of 7.55 per cent. Gold had closed at Rs 1,37,700 per 10 grams on December 31, 2025.

The rally reflects strong safe-haven demand. Concerns over geopolitics and pressure on the US Federal Reserve remain key drivers.

Outlook for metal stocks

According to Anil Singhvi, near-term volatility may continue. However, the broader metal trend remains positive.

Dollar weakness and global price recovery are key triggers to watch. Selective metal stocks could regain momentum after the recent dip.