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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.
