April 9, 2025: The Nifty Metal Index dropped sharply by over 7%, as ongoing global trade tensions intensified. The decline follows the imposition of reciprocal tariffs by US President Donald Trump, escalating the trade war and heavily impacting metal stocks in India.
The Nifty Metal Index was down 7.40%, with several major metal stocks facing significant losses. Tata Steel, NALCO, Vedanta, and Lloyds Metals were among the hardest-hit, reflecting widespread concern about the global impact of the trade conflict on the metal sector.
Key Metal Stocks Performance:
Welspun Corp saw a 4.14% drop, trading at Rs 774.90, down from Rs 808.40 in the previous session.
Tata Steel and NALCO also experienced notable declines, as the ongoing trade tensions dampened investor sentiment.
The global trade war, especially the increased tariffs on metal imports by the US, has raised concerns about reduced export demand and squeezed profit margins for Indian metal companies. With the uncertain market conditions, investors are closely monitoring further developments in global trade policies.
If these tensions continue, the metal sector could face more challenges, leading to increased volatility in the stock prices of key players.