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Market Now: Metal stocks melt; SAIL, NALCO among top losers

NEW DELHI: Most of the metal & mining stocks, including Steel Authority of India (SAIL) (down 1.32 per cent), APL Apollo Tubes (down 1.20 per cent), National Aluminium Company (NALCO) (down 1.15 per cent) and MOIL (down 0.85 per cent) were trading down in afternoon trade on Friday.

The Nifty Metal index was trading 0.22 per cent down at 3,831 around 2 pm (IST).

Shares of Coal India (down 0.73 per cent), Tata Steel (down 0.63 per cent), Jindal Steel & Power (down 0.57 per cent), Vedanta (down 0.44 per cent), Jindal Stainless (Hisar) (down 0.37 per cent) and JSW Steel (down 0.15 per cent) were also trading in the red.

However, shares of Hindustan Copper (up 1.63 per cent), Hindustan Zinc (up 1.20 per cent), Hindalco Industries (up 0.78 per cent) and NMDC (up 0.30 per cent) were seen in the green zone around that time.

Benchmark NSE Nifty50 index was up 41 points at 10,482, while the BSE Sensex was 153 points up at 33,910.

Among the 50 stocks in the Nifty50 index, 29 were trading in the green, while 20 were in the red.

In the Nifty 50 index, Tata Consultancy Services, Bajaj Finance, Oil and Natural Gas Corporation, Infosys, State Bank of India and Wipro were among the top gainers.

However, HCL Technologies, UltraTech Cement, Lupin, Coal India, Tata Steel and Dr Reddy's Labs were among the top losers.

Original Article

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