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Today, the Indian stock market recorded a tremendous rise in the shares of the metal sector. Nifty India metal index jumped up to 3%, caused by manufacturing data, GST reforms and global signals. Tata Steel’s stock shines the most, with a rise of about 6%. Apart from this, the shares of SAIL and Jindal Steel & Power jumped 4%, while Welspun Corp, Nalco and Hindustan Copper increased by more than 3%. Recently released India’s manufacturing PMI and GDP data have increased confidence in investors. Also, Indian companies will directly benefit from China’s decision to cut steel production in 2025-26, as they will no longer have to compete with cheap Chinese steel. This will protect the profit margin of companies like Tata Steel, JSW Steel. In addition, due to the possible rate cut of US FED, the trend of foreign investors will move towards emerging markets like India. Metal shares are expected to be further strengthened by this. Overall, today was very beneficial for those investing in the metal sector.
