Metal and Real Estate Stocks Plunge Ahead of Jackson Hole Symposium
The Nifty Metal and Nifty Realty indices saw significant drops, with metal stocks falling over 0.7% and real estate stocks declining more than 0.5%, ahead of Fed Chair Jerome Powell's speech at the Jackson Hole symposium.
Metal StocksReal EstateFed Rate CutJackson Hole SymposiumJerome PowellReal EstateAug 22, 2025
The Nifty Metal index declined over 0.7 percent to stand at 9,424, while the Nifty Realty index fell more than 0.5 percent to hover around 912, as seen at 10.20 am. The American central bank is holding its annual symposium from August 21 to August 23 in Jackson Hole, Wyoming. Fed Chair Jerome Powell is scheduled to speak on the economic outlook and the central bank's policy framework on Friday.
US President Donald Trump has been a vocal critic of Powell, referring to him as 'Jerome ‘Too Late’ Powell' in a Truth Social post. Trump accused Powell of not acting promptly to reduce interest rates, stating that Powell is 'hurting' the housing industry 'very badly' and reiterated his call for a cut in key interest rates.
Most investors are now expecting a 25-basis-point Fed rate cut next month. A rate cut in the US could reduce borrowing costs for foreign investors, encouraging them to invest in higher growth markets like India. This could boost real estate and metal stocks. Additionally, investors expect the Reserve Bank of India (RBI) to follow the Fed's lead if a rate cut is announced, which could further impact the stocks.
Several major metal companies saw their shares drop. JSW Steel and Jindal Steel & Power shares fell over 1.3 percent each, while Steel Authority of India (SAIL) and Hindustan Zinc shares declined more than 1 percent each. Adani Enterprises, Hindustan Copper, Tata Steel, and National Aluminium Company (NALCO) shares fell nearly 1 percent each, while Hindalco, Vedanta, and Welspun Corp shares saw marginal losses.
On the real estate front, Raymond shares were the top loser, dropping nearly 2 percent to trade at Rs 622 apiece. Oberoi Realty, Macrotech Developers (Lodha), DLF, and Anant Raj shares fell nearly 1 percent each, while Phoenix Mills, Brigade Enterprises, and Godrej Properties shares were down marginally in the red.
The Jackson Hole symposium is a significant event in the financial calendar, and Powell's speech is closely watched by investors and economists. The outcomes of the symposium could have far-reaching implications for global markets, including India's real estate and metal sectors.
Frequently Asked Questions
What is the Jackson Hole symposium?
The Jackson Hole symposium is an annual economic policy symposium hosted by the Federal Reserve Bank of Kansas City. It brings together central bankers, economists, and financial leaders to discuss key economic issues.
Why are metal and real estate stocks affected by the Jackson Hole symposium?
Investors closely watch the symposium for signals on future monetary policy, such as potential interest rate cuts. Lower interest rates can reduce borrowing costs, boosting sectors like real estate and metals.
What did US President Donald Trump say about Fed Chair Jerome Powell?
President Trump has criticized Powell multiple times for not cutting interest rates fast enough. He referred to Powell as 'Jerome ‘Too Late’ Powell' and accused him of hurting the housing industry.
What is the expected impact of a Fed rate cut on the Indian market?
A Fed rate cut could reduce borrowing costs for foreign investors, encouraging them to invest in higher growth markets like India. This can boost sectors such as real estate and metals.
Which companies saw the biggest drops in their stock prices?
JSW Steel and Jindal Steel & Power saw their shares drop over 1.3 percent each, while Raymond shares in the real estate sector fell nearly 2 percent.
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