Metals lead Indian shares higher after government imposes import duty on some steel products

JSW Steel

31/12/2025 06:45

** India's benchmark Nifty 50 .NSEI up 0.5%, Sensex .BSESN rises 0.4%

** Metal stocks .NIFTYMET climb 1.7%, among top sectoral gainers after government announces import tariffs on some steel products to curb cheap China imports

** JSW Steel JSTL.NS and Tata Steel TISC.NS jumps 4.8% and 2.8%, respectively; top Nifty gainers

** Overall, fifteen of the 16 major sectors gain; broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 up 0.7% and 0.9%, respectively

** Benchmark 50-stock index rises on the day after falling about 1% in last four sessions due to foreign outflows in thin year-end trade

** Nifty and Sensex up 10.2% and 8.8% for 2025, on course for tenth consecutive annual gains

** Among stocks, RITES RITS.NS rises 3.4% on winning an order worth $3.6 million from Zimbabwean company

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))