Bengaluru, Jan 17, 2026, 17:39 IST — Market session ended.
- Hindustan Copper closed Friday roughly 2% lower at 561.45 rupees, following a volatile week driven by metal market swings
- The company confirmed that underground mining operations have begun at its Kendadih copper mine in Jharkhand
- Traders are heading into Monday keeping an eye on copper prices and positioning in the metal sector
Hindustan Copper Ltd shares slipped roughly 2% to close at 561.45 rupees on Friday, hitting a range between 572.50 and 558.90 during the session. Trading volume reached around 28.5 million shares, per exchange figures compiled by Yahoo Finance. (Yahoo Finance)
The stock retreated following a 52-week peak of 576.00 rupees reached earlier this week, keeping it near the top end of its annual range despite Friday’s slide. Its 52-week low remains at 183.82 rupees. (NSE India)
Hindustan Copper informed exchanges late this week that underground mining at its Kendadih Copper Mine in Ghatshila, Jharkhand, “has successfully commenced on 15.01.2026.” The statement was signed by company secretary and compliance officer Mritunjay Kumar Dev.
Copper has become a key sentiment indicator in the market. Prices climbed past $13,000 a metric ton on the London Metal Exchange (LME), fueled by worries over supply and chatter about trade restrictions. That volatility is keeping metal-related stocks on edge. (Reuters)
The mood was mixed on Friday. The Nifty Metal index slipped 0.5% to 11,600.05, retreating from an earlier record high. Yet technical traders remain focused on buying the dips rather than selling off. “We are still bullish on metal index (Nifty Metal) and suggest traders to continue with the buy on dips trading approach,” said Vipin Kumaar, assistant vice president – technical and derivatives at Globe Capital Market. (Informistmedia)
Trading volumes and positioning are under close scrutiny after a fragmented week. Indian exchanges remained closed on Jan. 15 due to a municipal corporation election holiday in Maharashtra, while the weekend kept many investors on the sidelines.
For Hindustan Copper, Monday’s focus isn’t just on a single disclosure but on how the market views Kendadih—whether as an immediate boost to production or a project with a slower ramp-up. The filing didn’t specify output goals or a timeline for scaling the mine’s operations.
Commodity screens will play a role as well. Copper price shifts often reflect promptly in the metal basket, with Hindustan Copper trading almost like a stand-in for those moves.
But the upside cuts both ways. Reuters Breakingviews pointed out the copper rally owes much to temporary factors like pre-tariff stockpiling and supply hiccups — both likely to reverse quickly if policy risks ease or demand stumbles at steep prices. (Reuters)
Next week throws in its own twist with a market holiday on Jan. 26 for Republic Day, which could sap liquidity and amplify price swings around the break. (Zerodha)
The immediate catalyst is the reopen: Hindustan Copper returns to the spotlight as India’s cash market kicks off on Monday, Jan. 19. Traders will watch copper prices, metal-sector flows, and any updates from the company on Kendadih’s ramp-up.
