India's metal stocks gain on weak dollar, US-Iran tensions

JSW Steel

10/07/2026 07:26

 
** Nifty Metal Index .NIFTYMET rise 1.7% after rise in metal prices and weak dollar following revival of U.S.-Iran tensions 
** Nifty 50 index .NSEI up 0.8%
** Weaker dollar makes metals cheaper for holders of other currencies MET/L
** Hindustan Copper HCPR.NS up 3.5%, National Aluminium Co NALU.NS gain 2.9%, and Lloyds Metals and Energy LYMT.NS rise 2.4%
** Tata Steel TISC.NS, Hindalco Industries HALC.NS, JSW Steel JSTL.NS advance 1.5%, 1%, and 2.1%, respectively
** YTD, NIFTYMET up about 14% vs nearly 8% fall in NSEI

(Reporting by Vijay Malkar)
((VijayDattaram.Malkar@thomsonreuters.com;))