Indian metal stocks rise as US pauses tariffs on Mexico, Canada

Jindal Stainless

04/02/2025 08:50

** Indian metal stocks  .NIFTYMET  rebound, jump 2% on
Tuesday after 1.7% drop on Monday
    ** Fifteen-member Nifty Metal  .NIFTYMET  index mirrors
broader market that is up after U.S. paused planned tariffs on
Canada and Mexico  .BO  
    ** Jindal Stainless  JIST.NS  top gainer, up 4.4%, followed
by Vedanta  VDAN.NS  and state-owned SAIL  SAIL.NS , up 3.9%
each
    ** Index heavyweights Tata Steel  TISC.NS , JSW Steel
 JSTL.NS  up 1.4% and 1.2%, respectively; Hindalco  HALC.NS  up
2.5%
    ** Metal stocks dropped ~3% last month compared to blue-chip
Nifty 50  .NSEI  index's ~0.6% decline


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))