{"id":11299,"date":"2025-07-09T18:18:30","date_gmt":"2025-07-09T12:48:30","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=11299"},"modified":"2025-07-09T18:45:39","modified_gmt":"2025-07-09T13:15:39","slug":"nifty-metal-slumps-2-on-vedanta-short-report","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/nifty-metal-slumps-2-on-vedanta-short-report\/","title":{"rendered":"Nifty Metal Slumps 2% on Vedanta Short Report, Trump Tariff Jitters"},"content":{"rendered":"<p data-start=\"232\" data-end=\"412\">Viceroy Research\u2019s damning report on Vedanta Resources and Trump&#8217;s 50% copper tariff plan trigger sharp selloff in metal stocks; Hindalco, Tata Steel, Vedanta among key losers.<\/p>\n<p data-start=\"419\" data-end=\"858\">The Nifty Metal index plunged nearly 2% on July 9, emerging as the top sectoral laggard, after a damaging short report on Vedanta Resources (VRL) by US-based Viceroy Research intensified selling pressure across the metals basket. The sharp correction was further worsened by US President Donald Trump&#8217;s 50% tariff threat on imported copper, sparking fears of cost inflation and margin pressure for Indian exporters.<\/p>\n<p data-start=\"860\" data-end=\"1317\">Vedanta Ltd shares crashed over 8% intraday, recovering slightly to trade down 3% at \u20b9440, after Viceroy alleged that VRL is a &#8220;parasite holding company&#8221; with no operating assets, dependent entirely on cash flows siphoned from Vedanta Ltd. The report likened the structure to a Ponzi scheme, accusing the firm of draining Hindustan Zinc through related-party deals and unjustified fees. Hindustan Zinc shares fell 3% to \u20b9424.<\/p>\n<blockquote data-start=\"1319\" data-end=\"1548\">\n<p data-start=\"1321\" data-end=\"1548\">\ud83d\udd39 Top Losers: Vedanta (-8% intraday), Hindustan Zinc (-3%), Hindustan Copper (-3%), Tata Steel (-2%)<br data-start=\"1426\" data-end=\"1429\" \/>\ud83d\udd39 Trigger Events: Viceroy&#8217;s short on VRL debt, Trump\u2019s copper tariff threat, steel &amp; aluminium trade exclusion<\/p>\n<\/blockquote>\n<p data-start=\"1321\" data-end=\"1548\">Check Stock Price :<\/p>\n<ul>\n<li data-start=\"1321\" data-end=\"1548\"><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/vedl\">Vedanta Stock Price\u00a0<\/a><\/li>\n<li data-start=\"1321\" data-end=\"1548\"><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/hindzinc\">Hindustan Zinc Stock Price<\/a><\/li>\n<li data-start=\"1321\" data-end=\"1548\"><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/hindcopper\">Hindustan Copper Stock Price<\/a><\/li>\n<li data-start=\"1321\" data-end=\"1548\"><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/tatasteel\">Tata Steel Stock Price<\/a><\/li>\n<\/ul>\n<p data-start=\"1321\" data-end=\"1548\">Also Read : <a href=\"https:\/\/www.niftytrader.in\/content\/dixon-tech-kaynes-syrma-sgs-rally-on-jpmorgans\/\">Dixon Tech, Kaynes, Syrma SGS Rally on JPMorgan\u2019s \u2018Sunrise\u2019 EMS Sector\u2019s<\/a><\/p>\n<h2 data-start=\"1555\" data-end=\"1614\">Tariff Worries Compound Pressure on Metal Exporters<\/h2>\n<p data-start=\"1616\" data-end=\"1863\">The panic deepened after Trump confirmed a 50% tariff on copper imports, likely effective by August 1, which pushed US copper futures up 12% overnight. This spooked investors in Hindustan Copper and Hindalco, both down sharply.<\/p>\n<p data-start=\"1865\" data-end=\"2065\">Meanwhile, reports that steel and aluminium won&#8217;t be exempted in the upcoming India-US mini trade deal triggered fresh declines in Tata Steel (-2%), SAIL, NALCO, and JSW Steel.<\/p>\n<blockquote data-start=\"2067\" data-end=\"2257\">\n<p data-start=\"2069\" data-end=\"2257\">\ud83d\udd39 Watchlist: Vedanta, Hindustan Zinc, Hindalco, SAIL, JSW Steel, Tata Steel<br data-start=\"2149\" data-end=\"2152\" \/>\ud83d\udd39 Outlook: Bearish sentiment in metals may persist until tariff clarity, trade deal finalization<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Viceroy Research\u2019s damning report on Vedanta Resources and Trump&#8217;s 50% copper tariff plan trigger sharp selloff in metal stocks; Hindalco, Tata Steel, Vedanta among key losers. The Nifty Metal index plunged nearly 2% on July 9, emerging as the top sectoral laggard, after a damaging short report on Vedanta Resources (VRL) by US-based Viceroy Research [&hellip;]<\/p>\n","protected":false},"author":4,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-11299","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=11299"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11299\/revisions"}],"predecessor-version":[{"id":11308,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11299\/revisions\/11308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/11301"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=11299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=11299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=11299"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=11299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}