Hindustan Copper (down 4.12%), Jindal Steel & Power (down 3.63%), Hindalco Industries (down 3.34%), Hindustan Zinc (down 3.12%), Steel Authority of India (down 2.81%), NMDC (down 2.88%), JSW Steel (down 2.63%), Vedanta (down 2.27%), National Aluminium Company (down 2.56%) and Tata Steel (down 1.18%) declined.
The commodities prices in international market declined sharply over concerns of slowdown of Chinese infrastructure spending. Build up of copper inventories was also the cause for further bearishness, reports suggested.
China is the world's largest consumer of steel, copper and aluminum.
The S&P Metal index had underperformed the market over the past one month till 5 December 2017, sliding 8.92% compared with the Sensex's 2.62% fall. The index had also underperformed the market over the past one quarter, declining 0.43% as against the Sensex's 3.12% rise. The index had, however, outperformed the market over the past one year, advancing 29.2% as against the Sensex's 24.49% rise.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)