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Share market update: Metal shares decline; SAIL down over 2%

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NEW DELHI: Metal shares were trading in the red in Wednesday's morning session. Shares of Hindalco Industries (down 2.60 per cent) , Steel Authority of India (SAIL) (down 2.33 per cent) , Tata Steel (down 2.28 per cent) and Hindustan Copper (down 2.25 per cent) were trading lower. National Aluminium Company (down 2.25 per cent) , Jindal Steel - Power (down 2.19 per cent) , Welspun Corp (down 2.09 per cent) and Jindal Stainless (Hisar) (down 2.06 per cent) too were trading with losses. The Nifty Metal index was trading 1.57 per cent down at 2446.15 around 10:50 am.

Benchmark NSE Nifty50 index was down 97.50 points at 11,490.70 while the BSE Sensex was down 349.20 points at 38,747.94.

Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red.

Shares of YES Bank, Ashok Leyland, SBI, IDBI Bank, ZEEL, GMR Infra, Adani Power, Vodafone Idea, Tata Motors and NCC were among the most traded securities on the NSE.




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Category: Stock Market


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