Share market update: Metal shares decline; Hindalco Industries down 2%

NEW DELHI: Metal shares were trading in the negative zone in Thursday's morning session.

Shares of Hindalco Industries (down 2.45 per cent) , Jindal Stainless (Hisar) (down 1.56 per cent) , Steel Authority of India (SAIL) (down 1.39 per cent) and JSW Steel (down 1.35 per cent) were trading with losses.

Tata Steel (down 1.13 per cent) , Vedanta (down 1.00 per cent) , Hindustan Copper (down 0.91 per cent) and Coal India (down 0.15 per cent) too were trading lower.

The Nifty Metal index was trading 0.94 per cent down at 3055.90 around 10:49 am.

Benchmark NSE Nifty50 index was down 23.25 points at 11,620.70 while the BSE Sensex was 78.31 points down at 38,798.81.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 28 were in the red.

Shares of Vodafone Idea, YES Bank, Tata Motors, SAIL, Indiabulls Housing Finance, Zee Ent., Bank of Baroda, Ashok Leyland, Bharti Airtel, SBI, BPCL, ONGC, Ambuja Cements, BEL and DLF were among the most traded shares on the NSE.