BUZZ-India's metal stocks fall as Trump tariff on China drags base metals

Metal stocks in India slide as much as 5%, tracking a decline in most base metal prices

Tata Steel TISC.NS, Hindalco HALC.NS, Vedanta VDAN.NS down 2.2%, 2.1% and 3.8%, respectively

Base metal prices fall as U.S. President Donald Trump's 10% tariff on imports from top metals consumer China fuel trade war concerns

The dollar surges vs other currencies on trade war fears, further weighing on base metal prices

Nifty Metal .NIFTYMET index sheds over 2%, with Jindal Steel JNSP.NS, Steel Authority of India SAIL.NS, National Aluminium Co NALU.NS, and Hindustan Zinc HZNC.NS down 3-5%

.NIFTYMET down 6.2% so far in 2025, underperforming benchmark Nifty 50 50 .NSEI which is down 1.5%

Metal index up 8.4% in 2024 vs 8.8% gains in benchmark Nifty 50 index .NSEI