Market Now: Metal & mining stocks lose shine; Coal India, SAIL among top losers

ETMarkets.com|
Updated: Feb 27, 2018, 01.48 PM IST
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Market Now: Metal & mining stocks lose shine; Coal India, SAIL among top losers
Among the 50 stocks in the Nifty50 index, 22 were trading in the green, while 28 were in the red.
NEW DELHI: Metal and mining stocks Jindal Stainless (Hisar) (down 2.05 per cent), APL Apollo Tubes (down 1.91 per cent), Coal India (down 1.34 per cent) and Steel Authority of India (SAIL) (down 1.27 per cent) were in the negative zone during afternoon trade on Tuesday, keeping the Nifty Metal index down.

The Nifty Metal index was trading 0.47 per cent down at 4,053 around 01:40 pm (IST).

Shares of Vedanta (down 0.85 per cent), Hindustan Zinc (down 0.56 per cent), NMDC (down 0.46 per cent), Jindal Steel & Power (down 0.43 per cent) and Hindalco Industries (down 0.41 per cent) were also in the negative territory around that time.

However, shares of MOIL (up 1.11 per cent), National Aluminium Company (NALCO) (up 1.11 per cent), JSW Steel (up 0.52 per cent), Tata Steel (up 0.20 per cent) and Hindustan Copper (up 0.07 per cent) were up around that time.

Equity benchmark were in the negative zone on sustained selling in bank, financial and metal stocks.

The NSE Nifty50 index was 26 points down at 10,557, while the BSE Sensex was 67 points down at 34379.

Among the 50 stocks in the Nifty50 index, 22 were trading in the green, while 28 were in the red.

Dr Reddy's Labs, Bajaj Auto, Hero MotoCorp, NTPC and Hindustan Unilever were among the top gainers in the Nifty50 index, while Ambuja Cements, Axis Bank, State Bank of India, ICICI Bank and BPCL were among the top losers.
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