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Informist, Friday, Nov. 7, 2025

MUMBAI – Stocks of metal companies may see sideways movement next week after some consolidation in recent days, according to analysts. The Nifty Metal index is expected to find key support at 10200 levels and face resistance around 10850 levels, said Sugandha Sachdeva, founder of SS WealthStreet.

"For next week, the outlook is mixed. We're not very positive, but then the broader outlook still remains positive," Sachdeva said.

Friday, the Nifty Metal index closed 1.4% higher at 10426.80 points, rising after two consecutive days of fall. However, the index dropped 1.8% in the week, more than the benchmark Nifty 50 which fell around 1% during the week.

"Most of the data has not been released from the US economy because of the prolonged US government shutdown and its highly likely that the data...will turn on weaker side because many jobs are being lost. So, that will push the Fed to cut rates in their December meeting," Sachdeva said, adding that any hints of a rate cut would be a positive trigger for metal prices and suppress the dollar index. 

Earlier in the day, the management of Hindalco Industries said geopolitical uncertainties and investor sentiment were also weighing on global aluminium prices "beyond just supply-demand fundamentals." In the September quarter, aluminium prices continued to be fundamentally supported by infrastructure investments, electrification and sustainability-linked demand, it added.

TOP HEADLINES

* Earnings Review: India, US arm ops growth help Hindalco post robust Q1 PAT    
* Nava Ltd Jul-Sept consol PAT slumps 48.4% YoY to INR 1.29 billion    
* Shyam Metalics Jul-Sept consol PAT rises 21.5% YoY to INR 2.62 billion    
* Equity Futures: Aggressive short bets in Hindalco amid US arm's ops woes    
* Godawari Power gets 452 acres on 99-yr lease in Chhattisgarh for steel plant    
* Kirloskar Ferrous Jul-Sept consol PAT rises 11% on year to INR 862.8 mln    
* CRISIL ups Shyam Metalics' long-term rtg to 'AA+'; revises outlook to stable    
* Hindalco arm Novelis sees $21-mln damages from fire at Oswego unit    
* Earnings Outlook: Volume, EBITDA growth to aid Tata Steel Q2 earnings growth    
* Analyst Concall: Hindalco arm Novelis sees FY26 volume down on fire-hit unit    
* Tata Steel to sell Odisha ferro alloy unit to Indian Metals for INR 6.01 bln    
* Hindalco arm Novelis' Q2 adjusted EBITDA falls 9% YoY on US tariff impact    
* IPO Alert: SEBI returns Vishal Nirmiti's draft papers for fresh issue, OFS    
* IPO Alert: German Green Steel gets SEBI nod for fresh issue, OFS    
* Analyst Concall:No specific engagement from ED amid recent reports - Vedanta    
* Earnings Review: Vedanta Q2 PAT plunges on one-time cost, misses Street view    

Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:

End

Reported by Shakshi Jain

Edited by Deepshikha Bhardwaj

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