ALSO READMetal shares rally; Tata Steel, Hindalco, Vedanta up 5% Zinc, aluminium drive up Vedanta's Q2 topline Odisha aims to be hub for aluminium downstream, ancillary units But Exide Industries and Hindustan Zinc, says Religare Securities Higher aluminium prices spell good news for Vedanta, Hindalco
National Aluminium Company (Nalco) and Hindustan Copper fell 5% each, while Jindal Steel & Power (JSPL), Hindalco Industries, Hindustan Zinc and Vedanta were down 3% to 4% on the National Stock Exchange (NSE).
At 01:13 PM; the Nifty Metal index, the largest loser among the sectoral indices, was down 2.2% as compared to 0.36% decline in the benchmark Nifty 50 index.
LMEX, a gauge of six metals traded on the London Metal Exchange (LME) was down 2% on Tuesday, falling 3.3% in past one week.
China's economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution, the Reuters report suggested.
Industrial output rose 6.2% year-on-year in October, the National Bureau of Statistics (NBS) said, missing analysts' estimates of a 6.3% gain and lagging a 6.6% increase in September, added report. CLCIK HERE TO READ FULL REPORT
China is the world's largest consumer of steel, copper and aluminum.
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