Metal stocks tumble; JSPL, Nalco, SAIL, Tata Steel slip up to 5%
The Nifty 50 index was down 115.9 points or 0.77% at 14964.85.
Metal stocks were trading in the negative zone, with the S&P BSE Metal index falling 294.85 points or 2.07% at 13917.8 at 13:48 IST.
Among the components of the S&P BSE Metal index, Jindal Steel & Power Ltd (down 4.93%), National Aluminium Company Ltd (down 4.82%), NMDC Ltd (down 3.24%), Steel Authority of India Ltd (down 3.01%), Tata Steel Ltd (down 2.92%), were the top losers. Among the other losers were Hindalco Industries Ltd (down 2.85%), Hindustan Zinc Ltd (down 2.7%), JSW Steel Ltd (down 1.86%), and Coal India Ltd (down 0.59%).
On the other hand, Vedanta Ltd (up 1.03%), moved up.
At 13:48 IST, the S&P BSE Sensex was down 292.98 or 0.58% at 50553.1.
The Nifty 50 index was down 115.9 points or 0.77% at 14964.85.
The S&P BSE Small-Cap index was down 192.49 points or 0.91% at 21061.58.
The S&P BSE 150 Midcap Index index was down 103.01 points or 1.46% at 6960.19.
On BSE,1145 shares were trading in green, 1712 were trading in red and 139 were unchanged.
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