It is normally said and there is enough evidence to support it, that if the market is falling because of fear of economic slowdown or there are fears of a recession, then metals would be the first sector to get hit. The question is whether this round of fall in the Indian market is due to those fears? The answer is most likely No. What the Indian market is witnessing is correction of valuations, which have gone extremely high due to excess liquidity chasing Indian stocks for the past six months. So, there is a good chance that sectors like metals which are more impacted by what is happening in China would be able to perform much better even in bearish times, as the Chinese government makes another round of effort to pull the economy out of the slowdown.
While in any market, nothing can be said with 100% certainty. But there is a high probability that what is happening in China, in terms of their effort to push the economy there, brings chances that we might get to see a sudden spike in metal prices. It may take some time, but as the days go by, the chances of that
