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Share market update: Metal shares decline; Nalco slumps 5%


NEW DELHI: Most metal stocks were trading with losses in Thursday’s session, keeping their sectoral index on NSE in the negative zone.

Shares of National Aluminium Company (down 5.08 per cent) , Hindalco Industries (down 2.83 per cent) , MOIL (down 2.81 per cent) and Coal India (down 2.79 per cent) were the worst performers in the index.

Jindal Steel & Power (down 2.67 per cent) , JSW Steel (down 2.25 per cent) , Tata Steel (down 1.34 per cent) and Hindustan Zinc (down 1.32 per cent) too were trading with losses.

The Nifty Metal index was trading 1.96 per cent down at 2687.95 around 11:08 am.

Benchmark NSE Nifty50 index was down 51.50 points at 10,742.15 while the BSE Sensex was down 136.80 points at 35,897.31.

Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red.

Shares of YES Bank, Ashok Leyland, Indian Oil Corp, SBI, NHPC, SAIL, NTPC, Vodafone Idea, PowerGrid, ONGC, BEL, Indiabulls Housing Finance, Zee Entertainment, ICICI Bank and Hindalco Industries were among most traded securities on the National Stock Exchange on Thursday .

Source: Economic Times