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.