Nifty Metal stocks crack on Trump’s tariff move

The Nifty Metal file was 2.8% lower at 3,851.50 focuses.

Offers of steel and metal organizations fell today after US President Donald Trump declared that he will force heavy import obligations on steel and aluminum items. The Nifty Metal record was 2.8% lower at 3,851.50 focuses.

President Trump on Friday declared plans to force obligations of 25% on all steel imports and 10% on aluminum imports. This advancement has started worries of a worldwide exchange war. Notwithstanding, for Indian steel and aluminum makers, the circumstance is somewhat unique, as US isn’t a critical fare showcase for India.

Jindal Steel and Power Ltd is right now exchanging at Rs236.90, around Rs12.15 or 4.88% from its past shutting of Rs249.05 on the BSE. The scrip opened at Rs247 and has touched a high and low of Rs247 and Rs235.60, separately.

Jindal Stainless (Hisar) Ltd is as of now exchanging at Rs184.70, around Rs9.9 or 5.09% from its past shutting of Rs194.60 on the BSE. The scrip opened at Rs193.60 and has touched a high and low of Rs193.60 and Rs184.05, separately.

Steel Authority of India Ltd is right now exchanging at Rs77.10 around Rs3.85 or 4.76% from its past shutting of Rs80.95 on the BSE. The scrip opened at Rs79.40 and has touched a high and low of Rs79.40 and Rs76.75, separately.

NMDC Ltd is as of now exchanging at Rs124.10 around Rs6.6 or 5.05% from its past shutting of Rs130.70 on the BSE. The scrip opened at Rs130 and has touched a high and low of Rs130.95 and Rs123.05, separately.

Goodbye Steel Ltd is as of now exchanging at Rs659.90 around Rs15.4 or 2.28% from its past shutting of Rs675.30 on the BSE. The scrip opened at Rs668.55 and has touched a high and low of Rs669 and Rs658.50 individually.

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