Indian metal stocks drop on lack of China stimulus details, firm dollar
** Shares of Indian metal companies .NIFTYMET drop 2.2%, top sectoral loser on benchmark Nifty 50 .NSEI, which sheds 0.5%
** Metals index losses due to stronger U.S. dollar as well as a lack of policy details about top consumer China's stimulus measures MET/L
** A strong dollar makes metals more expensive for holders of other currencies, while more clarity on China stimulus was expected to boost metal producers globally
** Fourteen of 15 stocks on sub-index in red; SAIL's SAIL.NS 4.5% loss the biggest, followed by NMDC's NMDC.NS 4.3% and Tata Steel's TISC.NS 3% declines
** Hindalco HALC.NS, Vedanta VDAN.NS and Hindustan Zinc HZNC.NS shed between 1% and 2%
** A stronger dollar is a concern since it could lead to a rise in imported inflation, says VK Vijaykumar of Geojit Financial Services
** Nine of 15 stocks on sub-index rated "buy" or higher, three rated "hold"; SAIL and HZNC only "sell"-rated on sub-index - LSEG data
** Metals index gains ~17% YTD vs Nifty's ~12% climb
Reporting by Kashish Tandon in Bengaluru
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