Bengaluru, Jan 6, 2026, 16:33 IST — Market closed
Vedanta Ltd (VEDL.NS) ended 0.99% higher at 621.75 rupees on Tuesday after touching a fresh 52-week high, outperforming a softer broader market. India’s Nifty 50 index closed down 0.27%.
The move kept Vedanta in focus as investors tracked a sharp upswing in industrial metals, led by copper’s run to record highs on supply worries. Silver prices in India have also stayed elevated, reinforcing the positive backdrop for diversified miners and smelters.
The Nifty Metal index hit a record intraday high even as the benchmark indexes slipped, with peers such as Hindalco, Nalco and Hindustan Zinc also rising in a narrow range, Business Standard reported. The Sensex ended down 0.44%, underscoring how metal shares held up against the broader selloff.
Vedanta traded between 618.00 and 627.90 rupees, according to Moneycontrol data, leaving the stock just below the day’s peak at the close. That band has become an immediate reference point, with the session high near 628 rupees a near-term hurdle and 618 rupees an early support level.
Copper pushed above $13,000 a metric ton on the London Metal Exchange (LME) this week as traders priced in potential shortages, Reuters reported. “Metals, copper included, are rallying on the thematics of critical minerals and security of supply chains,” said Duncan Hobbs, research director at Concord Resources. Reuters
In India, March silver futures on the Multi Commodity Exchange (MCX) rose above 250,000 rupees per kg and hit an early high of 250,723 rupees, Business Today reported. ICICI Direct flagged an unfavourable risk-reward for new positions at prevailing levels after last year’s surge.
Beyond commodities, Vedanta’s planned demerger — a breakup into separately listed businesses — remains a key overhang for investors weighing execution risk against the prospect of unlocking value. Vedanta expects the process to be completed by March 31, 2026, Reuters reported in December.
Still, the rally in Vedanta and other metal names is exposed to a sharp reversal in base metal prices, which can quickly compress margins for producers. Any delay in the demerger timeline would also keep leverage and payouts under scrutiny.
Investors now look to global metal price action and Vedanta’s next results for fresh direction, with data provider MarketScreener listing the company’s next quarterly earnings release as projected for Jan. 22. Management commentary on costs, dividends and demerger progress is likely to set the tone for the next session.
