Metal Index Climbs 2% as JSW Steel Leads Nifty Gains; Tata Steel Up 3.5% on HSBC Target Increase

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Metal Index Surges 2% as JSW Steel Leads Nifty Gainers; Tata Steel Jumps on HSBC Target Hike

Metal shares rise in trade.

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Moneycontrol•20-03-2026, 14:50

Metal Index Surges 2% as JSW Steel Leads Nifty Gainers; Tata Steel Jumps on HSBC Target Hike

•Nifty Metal index snapped a two-day losing streak, rising 2% on Friday.
•JSW Steel emerged as the top gainer, climbing over 4%, while Tata Steel shares rose 4.69%.
•HSBC raised its price target for Tata Steel to Rs 250 from Rs 235, reiterating a 'buy' rating.
•The target hike is attributed to protective measures in key markets, including new UK import tariffs and EU carbon pricing.
•HSBC increased its earnings estimates for Tata Steel for FY27–FY28 by 5–14%, citing multi-year import protections.

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