Metal and Real Estate Stocks Slide Ahead of Fed Chair Powell's Jackson Hole Speech
Metal and real estate stocks declined sharply on August 22, 2025, ahead of the US Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium. The Nifty Metal index dropped over 0.7 percent, while the Nifty Realty index fell more than 0.5 percent.
Metal StocksReal EstateFed Rate CutJackson Hole SymposiumJerome PowellReal Estate NewsAug 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 central bank's policy framework on Friday.
US President Donald Trump has criticised Powell multiple times for not cutting rates. In a Truth Social post, Trump referred to Powell as 'Jerome ‘Too Late’ Powell' and accused him of not acting promptly to reduce interest rates. He also stated that Powell is 'hurting' the housing industry 'very badly' and reiterated his call for a cut in key interest rates.
Most investors now expect 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 in India. This boosts real estate and metal stocks. Additionally, investors expect the RBI to follow Fed in the pursuit of a rate cut, if any. This too can further impact the stocks.
JSW Steel and Jindal Steel & Power shares dropped over 1.3 percent each, while Steel Authority of India (SAIL) and Hindustan Zinc shares fell 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 were down with marginal losses.
Raymond shares were the top loser on the realty index, 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.
Frequently Asked Questions
Why did metal and real estate stocks decline?
Metal and real estate stocks declined ahead of US Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium. Investors are cautious about potential Fed rate cuts and their impact on the market.
What is the Jackson Hole symposium?
The Jackson Hole symposium is an annual event held by the US Federal Reserve in Wyoming. It brings together central bankers, economists, and financial leaders to discuss global economic issues.
What impact could a Fed rate cut have on Indian markets?
A Fed rate cut 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.
What did US President Donald Trump say about Jerome Powell?
US President Donald Trump has criticized Jerome Powell for not cutting interest rates promptly. He referred to Powell as 'Jerome ‘Too Late’ Powell' and accused him of hurting the housing industry.
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. Raymond shares were the top loser in the real estate sector, dropping nearly 2 percent.
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