Nifty Metal: relative strength and momentum
Sector. Compared with Nifty 500 TRI.
As of 2026-10-23, Nifty Metal has an ArthaNiti relative-strength score of 59 out of 100 (neutral) against Nifty 500 TRI, in the Falling behind phase (losing ground, and faster); the score moved -22 points in four weeks. Returns use ETF NAV.
1 week−5.4%
1 month−11.8%
3 months−7.3%
6 months−10.1%
1 year+14.7%
3 years, a year–
5 years, a year–
Volatility, 1 year22.4%
Worst fall, 1 year−15.9%
Above 200-day averageNo
What is inside Nifty Metal: holdings and weights
Nifty Metal holds 15 stocks; the top 10 make up 86% of the index. 14% of its stocks trade above their 200-day average.
- 2 of 15 stocks (14%) are above their 200-day average — weak participation.
- Top 10 stocks are 86% of the index; half the weight sits in 4 stocks.
- Biggest 1-month driver: Lloyds Metals And Energy Ltd. (-4.1%).
- Largest group: Metals & Mining — 14 stocks, about 96% of the weight.
| Stock | Industry | Weight | 3 months | Momentum score |
|---|---|---|---|---|
| TATASTEEL Tata Steel Ltd. | Metals & Mining | 17.30% | −9.0% | 40 |
| HINDALCO Hindalco Industries Ltd. | Metals & Mining | 15.43% | −9.0% | 53 |
| JSWSTEEL JSW Steel Ltd. | Metals & Mining | 13.65% | −4.9% | 58 |
| ADANIENT Adani Enterprises Ltd. | Metals & Mining | 11.14% | −17.7% | 54 |
| VAML Vedanta Aluminium Metal Ltd. | Metals & Mining | 7.92% | −21.2% | – |
| VEDL Vedanta Ltd. | Metals & Mining | 5.16% | −14.4% | 58 |
| JINDALSTEL Jindal Steel Ltd. | Metals & Mining | 4.76% | −2.5% | 48 |
| APLAPOLLO APL Apollo Tubes Ltd. | Capital Goods | 4.51% | +11.1% | 69 |
| NATIONALUM National Aluminium Co. Ltd. | Metals & Mining | 3.46% | −12.8% | 48 |
| HINDZINC Hindustan Zinc Ltd. | Metals & Mining | 3.08% | −6.6% | 48 |
ETFs that track Nifty Metal
| ETF | NSE symbol | Expense ratio | Tracking diff, 1 yr | AUM |
|---|---|---|---|---|
| Groww Nifty Metal ETF | GROWWMETAL | 0.59% | – | ₹41 Cr |
| ICICI Prudential Nifty Metal ETF | METALIETF | 0.51% | -0.95% | ₹978 Cr |
| Mirae Asset Nifty Metal ETF | METAL | 0.53% | -0.63% | ₹537 Cr |
| Edelweiss Nifty Metal ETF | EMETAL | 1.09% | – | ₹7 Cr |
| HDFC Nifty Metal ETF | – | 0.59% | – | ₹120 Cr |
| Motilal Oswal Nifty Metal ETF | – | 4.67% | – | ₹2 Cr |
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