After US President Donald Trump announced a 90-day stop to the global trade war, metal shares became the largest sectoral gainer today as worries over the conflict subsided. The index also gained momentum after Tata Steel announced plans to restructure its operations in the Netherlands.
The Nifty Metal index grew by 4.44%, the most since 5 March 2025, when it had grown by over 4%. Lloyds Metals and Energy, the index’s biggest gainer, rose 6.81% to hit an intraday high of Rs 1,230 a share on the NSE.
Tata Steel was in second, jumping 5.9% to a high of Rs 134.7 due to its objectives for change in the Netherlands.
Tata Steel Nederland plans to remove around 1,600 jobs in management and support functions as part of a large-scale transformation strategy aimed at enhancing efficiency and preparing for a green steel future.
“This transformation is a building block towards the future,” said T. V. Narendran, CEO and MD of Tata Steel and Chairman of the Supervisory Board of Tata Steel Nederland. “We want to ensure Tata Steel Nederland regains its position as one of the most efficient steelmakers in Europe while taking definitive steps toward sustainability.”
According to the company, these adjustments will improve its operating and financial profile, allowing it to make future investments and maintain its competitiveness in a market that is changing quickly.
Tata Steel will change its operations in the Netherlands and eliminate 1,600 jobs.
The metal majors on the index, which rose up to 4%, included Hindalco Industries, JSW Steel, and the Steel Authority of India.
Tata Steel and Hindalco have significant exposure to US exports. This is why their equities were among the top gainers today following the tariff postponement.
Prior to Trump’s 90-day delay, metal stocks had fallen on expectations of a slowdown in the United States and a rippling effect in other economies, which might reduce demand for metals. The hefty tariffs imposed on around 60 countries raised concerns about product dumping into countries such as India, depressing native participants in the sector.
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