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Informist, Friday, Feb. 13, 2026

MUMBAI – Volatility in underlying commodity prices is likely to be reflected in shares of metal and mining companies in the near term amid a fall in industrial demand ahead of the Chinese new year holiday season. Metal prices will also be affected by the uncertainty regarding the US Federal Reserve's monetary policy path after strong jobs data.

Friday, the Nifty Metal index ended at 11872.80 points, down 406.40 points, or 3.3%. The index fell 0.6% during the week. All the Nifty Metal constituents ended the week in negative territory with Lloyds Metals and Energy being the biggest loser, down 6%, followed by NMDC.

Analysts expect the sectoral index to be volatile in upcoming sessions owing to global uncertainties which will affect metal prices. The Nifty Metal is expected to find support at 11730-11540 points and encounter resistance at 12050-12250 points.

On the December quarter earnings, eight metal and mining companies in the Nifty 200 index, which detailed their results last week, reported a 65% year-on-year rise in net profit against expectations of an increase of nearly 88%. Those eight companies grew their aggregate net sales by 13% against the forecast of a 23% rise.

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

End

Reported by Gopika Balasubramanium

Edited by Rajeev Pai

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