INSUBCONTINENT EXCLUSIVE:
Authors: JordanNEW DELHI: The Nifty Metal index was trading as the top loser among the sectoral indices on NSE during the early trade on
Friday.
The index was trading 0.93 per cent down at 3,639 around 10:30 am (IST) with Hindustan Zinc (down 2.57 per cent) as the top
loser.
Hindalco Industries (down 1.49 per cent), Nalco (down 1.43 per cent), JSW Steel (down 1.38 per cent) and NMDC (down 1.15 per cent)
declined over 1 per cent in the metal index
Vedanta (down 0.98 per cent), Coal India (down 0.70 per cent), Tata Steel (down 0.51 per cent), MOIL (down 0.33 per cent), Jindal Steel
Power (down 0.31 per cent) and APL Apollo Tubes (down 0.18 per cent) were also in the red
Meanwhile, shares of Jindal Stainless (Hisar) (up 1.11 per cent), Steel Authority of India (SAIL) (up 0.14 per cent) and Hindustan Copper
(up 0.14 per cent) were in the green around the same time
Key equity indices were trading in the red following weak global cues due to little hope of the US and China reaching a resolution at the
negotiating table on their trade dispute
The US-China trade talk entered the second day on Friday
The NSE Nifty50 index was down 37 points at 10,642, while the BSE Sensex was 108 points at 34,996.
Among the 50 stocks in the Nifty index,
19 were trading in the green, while 31 were in the red
Asian Paints and Sun Pharmaceutical Industries declined 2 per cent and were trading as the top losers in the Nifty pack.
