India's metal firms to see 'negligible' impact from US tariffs, J.P.Morgan says

India's metals and mining companies are likely to see a negligible impact on earnings due to potential U.S. reciprocal tariffs, says J.P.Morgan

Says tariffs are unlikely to hurt Indian steel makers significantly as only 2.5% of India's steel export volumes are to the U.S.

Adds India's recommendation of 12% safeguard duty on some steel products is a positive for the sector

Identifies Tata Steel TISC.NS, JSW Steel JSTL.NS and Hindalco HALC.NS as its preferred picks in the sector

Metal index .NIFTYMET rises 1% on the day compared to 1.3% gain in benchmark Nifty 50 .NSEI

NIFTYMET up 7.4% YTD, outperforming NSEI which is flat