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Market Now: Metal stock lose shine; Vedanta, Tata Steel amongst top losers

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NEW DELHI: Most metal mining stocks including Jindal Stainless (Hisar) (down 3.33 per cent), Hindustan Zinc (down 2.64 per cent), Vedanta (down 2.63 per cent) and Tata Steel (down 2.37 per cent) were trading in the negative zone during afternoon trade on Monday.

The Nifty Metal index was trading 1.43 per cent down at 3,539 around 02:45 pm.

Shares of SAIL (down 1.97 per cent), APL Apollo Tubes (down 1.58 per cent), NMDC (down 1.57 per cent), Hindalco Industries (down 1.45 per cent), Jindal Steel Power (down 1.44 per cent), Hindustan Copper (down 1.44 per cent) and JSW Steel (down 1.33 per cent) were also down.

Meanwhile, Nalco (up 2.89 per cent) and Coal India (up 1.22 per cent) were up around the same time.

Benchmark NSE Nifty50 index was down 72 points at 10,525, while the BSE Sensex was 201 points down at 34,647.Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.Ashok Leyland, Punjab National Bank, ICICI Bank, State Bank of India, Bank of Baroda and Tata Motors were among most traded stocks on NSE.




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Category: Stock Market


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