NEW DELHI: The Nifty Metal index was trading 1.76 per cent down at 3,335.65 around 12:05 pm on Tuesday with most of its components trading in the red.

Shares of Hindalco Industries (down 4.44 per cent), National Aluminium Company (down 2.80 per cent), Jindal Steel & Power (down 2.44 per cent) and Tata Steel (down 1.94 per cent) were the top losers in the index.

APL Apollo Tubes (down 1.92 per cent), JSW Steel (down 1.77 per cent), Vedanta (down 1.66 per cent) and Steel Authority of India (SAIL) (down 1.63 per cent) too appeared among the top laggards.

Benchmark NSE Nifty50 index was down 43.20 points at 10,720.2 while BSE Sensex was down 111.97 points at 35,662.91 around 12:05 pm.

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

Shares of YES Bank, Ashok Leyland, Idea Cellular, Bank of Baroda, ICICI Bank, Hindalco Industries, Tata Motors, Indiabulls Housing Finance, SBI, Bharti Airtel, Vedanta, Indian Oil Corp, ITC, HPCL and GAIL were among the most traded shares on the NSE.