Indian metal stocks climb on Trump's tariff reprieve, weak US dollar
ReutersMay 26, 2025 5:05 AM
Indian metal stocks .NIFTYMET climb 1%; benchmark Nifty 50 .NSEI up 0.8%
U.S. President Donald Trump postpones 50% tariff on imports from the European Union from June 1 to July 9
Announcement boosts commodities' appeal amid positive market sentiment
A weaker U.S. dollar also boosted gains on the sub-index as it makes commodities cheaper for holders of other currencies MET/L
Hindalco HALC.NS is the top pct gainer on the sub-index, climbing 2.6%; Jindal Stainless JIST.NS climb 1.7%
Vedanta VDAN.NS and Hindustan Copper HCPR.NS up 1.6% each; Tata Steel TISC.NS up 0.4%
Metals index up 8% YTD vs Nifty's 6% climb
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