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Informist, Friday, Aug. 1, 2025

MUMBAI – Shares of Indian metal companies are likely to trade lower next week in view of the US tariffs. Global trade tensions remain high due to ongoing negotiations between the US and China, concerns over trans-shipments, and the introduction of sector-specific tariffs. 

US President Donald Trump announced 25% tariffs, plus penalty, on Indian exports to the US. Uncertainty about market movement in light of the US tariffs, effective Aug. 7, is likely to weigh down the market, analysts said.

The US has implemented a multi-tiered tariff regime, beginning with a 10% baseline tariff on all imports. This is further compounded by additional levies targeting critical industries such as steel, aluminium, copper, automobiles, and pharmaceuticals. As a result, the effective global tariff rate on goods entering the US has surged from 2% to around 15%, Franklin Templeton India said in a report.

Additionally, the demand for steel and other metals has been lower due to seasonality, which may lead to a fall in prices of metal products, analysts said. Tariffs on automobile exports will also have an indirect negative impact on the metal industry as metals are important components in automobile parts.

Metal stocks closed sharply lower Friday due to trade-related concerns and widespread selling pressure in global markets. The Nifty Metal index closed 2% lower at 9102.35 points. The index fell to a one-month low during the session. Barring Jindal Stainless, all constituents of the index closed in the red. Support for the Nifty Metal index is pegged at 9000 points and resistance at 9500 points, according to Mugilan K., technical analyst at DBS Cholamandalam Securities.

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Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:

End

Reported by Simran Rede

Edited by Ashish Shirke

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