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Metal stocks rally over 2% as India–US trade-deal hopes support commodities
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Metal stocks in India jumped over 2% on trade-deal optimism and commodity-demand pickup, signalling rotation away from defensive sectors.
Shares of metal firms in India surged as the NIFTY Metal index rose more than 2% amid reports that the U.S. and India may negotiate lower tariffs. Key names such as Hindalco Industries and Vedanta Ltd jumped 3-4% while most other sectors were under pressure. Analysts cite the forthcoming meeting between Donald Trump and Xi Jinping, and a rebound in global metal demand as catalysts. The move suggests sector-rotation with commodities gaining at expense of defensives.