Metal shares gain as Trump signs phase one trade deal with China

Hindustan Copper Limited climbed 4.8 per cent, followed by Vedanta Limited (4.37 per cent), Tata Steel (3.8 per cent), SAIL (3.6 per cent), and Jindal Steel (3.4 per cent)

Metal stocks, led by Vedanta and Tata Steel, gained in Friday's trade on the NSE after US President Donald Trump approved trade deal with China to halt December 15 tariffs.

At 10:10 am, Nifty Metal index was the top gainer among Nifty sectoral indices and was trading 2.24 per cent higher as compared to 0.57 per cent gain in the benchmark Nifty50 index.

According to a Bloomberg report, President Donald Trump signed off on a phase-one trade deal with China, averting the December 15 introduction of a new wave of US tariffs on about $160 billion of consumer goods