Share market update: Metal shares decline; Tata Steel slumps 5%

NEW DELHI: Metal shares were trading with losses in Monday's morning session.

Shares of Tata Steel (down 5.52 per cent), JSW Steel (down 5.30 per cent), Vedanta (down 4.29 per cent) and Hindalco Industries (down 3.91 per cent) were trading lower.

Steel Authority of India (SAIL) (down 3.19 per cent), Jindal Steel & Power (down 2.99 per cent), NMDC (down 2.69 per cent) and Coal India (down 2.47 per cent) too were trading in the red.

The Nifty Metal index was trading 3.82 per cent down at 2191.70 around 10:37 am.

Benchmark NSE Nifty50 index was down 1.90 points at 10,827.45 while the BSE Sensex was up 21.71 points at 36,722.87.

Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red.

Shares of YES Bank, Vodafone Idea, Ashok Leyland, SBI, Tata Motors, Bank of Baroda, PNB, SAIL, DLF and ICICI Bank were among the most traded shares on the NSE.