NEW DELHI: Shares of Nalco (down 6.22 per cent), Hindalco Industries (down 5.60 per cent) and Vedanta (down 5.50 per cent) plunged over 5 per cent in Monday's morning session, dealing a blow to the sectoral index.
The
Nifty Metal index was trading 2.66 per cent down at 3,353 around 10:20 am.
Most metal & mining stocks were suffering losses at that time.
Hindustan Zinc (down 3.79 per cent), Tata Steel (down 2.40 per cent), NMDC (down 1.74 per cent), Jindal Steel & Power (down 1.36 per cent), MOIL (down 1.32 per cent) and Hindustan Copper (down 1.06 per cent) also featured among top losers in the metal pack.
Steel Authority of India (SAIL) (down 0.99 per cent), JSW Steel (down 0.60 per cent) and Jindal Stainless (Hisar) (down 0.24 per cent), too, were in the red.
Meanwhile, shares of Coal India (up 0.72 per cent) were trading with gains at that time.
Benchmark NSE Nifty50 index was down 9 points at 10,307, while the BSE Sensex was 23 points down at 34,354.
Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.
HPCL, Indian Oil Corporation, YES Bank, Reliance Industries and Indiabulls Housing Finance were among the top gainers in the Nifty index.
Hindalco Industries, Vedanta, Wipro, Tata Steel and HCL Technologies were among top losers in the Nifty pack of stocks.