Why did NALCO hit a record high this week?

A sharp rise in LME aluminium price to $3,124/t and MCX to ₹317.8/kg boosted sentiment. Supply tightness from China’s capacity cap and energy‑led smelter curbs, along with steady EV and renewables demand, helped. Strong Q2FY26 results also supported the nalco share price.

Is the nalco share price overbought now?

Momentum indicators suggest so. RSI is 86.7 and MFI is 91.9, both in overbought zones, while ADX at 57.8 shows a strong trend. That does not mean an immediate fall, but it increases the odds of consolidation. Traders may prefer defined stops and staggered entries.

What key levels should I watch on NATIONALUM NSE?

Immediate resistance is near ₹350.7 and the record ₹357.6. Supports sit around ₹306.3, then the 50‑DMA at ₹271.4 and the 200‑DMA at ₹209.9. A sustained move above ₹358 can extend the uptrend. A close below ₹306 may signal a deeper pullback.

How do global prices affect National Aluminium share price?

Aluminium is a global commodity. When LME aluminium price rises, producer realizations improve and margins expand, usually aiding the stock. If LME cools or input costs like power rise, spreads compress and sentiment weakens. Currency moves and hedging can also influence earnings and the share price.

Global Market Insights

NATIONALUM.NS Stock Today, January 8: Record High on Aluminium Rally

ByDanny Kontos January 8, 2026January 8, 2026

The nalco share price set a fresh record at ₹357.6 this week as global aluminium rallied to multi‑year highs. Shares of NATIONALUM.NS are trading near ₹331 on January 8 after a five‑session surge of about 14%. LME aluminium price touched $3,124 per tonne and MCX hit ₹317.8/kg, lifting sentiment. Strong Q2FY26 performance, with profit up 36.7% and a 45% EBITDA margin, added support. Still, consensus points to softer earnings if metal prices cool, so traders should watch global cues and domestic costs closely on NATIONALUM NSE.