Nifty Metal index clock biggest weekly gain in over 4 years, gaining 9.2% in the week so far. It had last risen the same in May 2021.
The index has risen 5.6% in the last five trading sessions. It has given a return of 8.7% in the last one month and 2.2% in the previous six months. Nifty Metal index has raised investors’ wealth by 6.7% from year to date.
The stocks like Jindal Steel & Power rose the most among the metal stocks in the last one week, surging 14.53%. It was followed by Adani Enterprises, which increased by 13.90%, as Adani Group’s officials met US President Donald Trump regarding the indictment by a US court.
Further, Jindal Stainless and National Aluminium Company’s shares followed suit, rising 13.90% and 12.64% respectively. You can check out the list of metal stocks at this link.
The share price of Hindalco Industries, JSW Steel, APL Apollo Tubes, Welspun Corp, and Vedanta surged the least during the same time frame. However, they will still close the week on a higher note.
One of the main reasons behind the uptick in metal stocks could be the trade tension easing between the US and China. They have finally reached to a trade agreement, where both countries brought down their reciprocal tariffs on imported goods for 90 days. It’ll boost both the outlook for trade and the economy. The previous week, the Trump administration cut the tariffs on Chinese imports to 30% from 145%, and China announced it to lower tariffs on US imports to 10% from 125%
Also, in April 2025, the Indian government levied a 12% provisional safeguard duty for 200 days on five steel product segments. These include hot-rolled coils, sheets, and plates. The move was aimed at protecting domestic players from a rise in metal imports.
“…the Central Government, after considering the said findings of the Director General (Trade Remedies), hereby imposes…a provisional safeguard duty at the rate of twelve per cent ad valorem,” read a notification of the Department of Revenue.