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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