 "Metal shares under pressure; Nifty Metal index down 2%")
Shares of metal companies are under pressure with the Nifty Metal index falling more than 2% tracking lower global commodity prices.
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.
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.
| COMPANY | LATEST | PREV CLOSE | LOSS(%) |
| NATL. ALUMINIUM | 80.70 | 85.10 | -5.2 |
| HIND.COPPER | 92.25 | 97.05 | -5.0 |
| JINDAL STEEL | 162.80 | 170.40 | -4.5 |
| HINDALCO INDS. | 251.60 | 261.00 | -3.6 |
| HIND.ZINC | 299.65 | 309.90 | -3.3 |
| VEDANTA | 300.80 | 308.95 | -2.6 |
| S A I L | 78.00 | 79.80 | -2.3 |
| JSW STEEL | 262.15 | 266.55 | -1.7 |
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