Metal Stocks Ride the Tariff Truce Wave, Surge Over 8%

Indian metal stocks soared on Monday as the US and China agreed to ease tariffs for 90 days, injecting fresh optimism into global markets. The Nifty Metal index led the charge, climbing nearly 5%, with all 15 constituents in the green.  

Top gainers included Adani Enterprises, Hindustan Copper, SAIL, NALCO, Hindustan Zinc, and Vedanta, each posting gains between 5% and 8%. The tariff rollback, announced after high-level talks in Geneva, is expected to boost trade flows and stabilize commodity prices.  

The US will slash its tariff rate on Chinese goods from 145% to 30%, while China will reduce its duties on US imports from 125% to 10%. Market analysts believe this temporary truce could pave the way for a broader resolution to trade tensions, benefiting exporters and investors alike.  

Sources: Economic Times, CNBC TV18, Free Press Journal

 

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