The rally mirrored optimism across the market, where all major indices opened positively. Nifty Metal emerged as one of the top-performing indices for the day.
The index touched an intraday high of 10,260.45, reinforcing its strong rebound from the 52-week low of 7,690.20. It is now only 5% below its record high of 10,837.45 achieved in October last year.
Despite the near-term gain, the index remains down 3.4% in November, its steepest monthly drop in seven months.
Performance over broader timeframes remains robust, with gains of 15% over the past year, 10% in six months, and 10.5% over the past three months. Over the last five years, Nifty Metal has delivered returns of more than 250%.