Metal & mining stocks decline after weakness in global commodity prices

Shares of ten metal and mining companies declined by 0.01% to 4.51% at 15:20 IST on BSE after weakness in global commodity prices.

Meanwhile, the S&P BSE Sensex was down 372.26 points or 1.44% at 25,492.21.

Among metal and mining stocks, Bhushan Steel (down 1.18%), Jindal Steel & Power (down 1.46%), Vedanta (down 2.44%), Tata Steel (down 2.96%), NMDC (down 1.71%), Hindalco Industries (down 4.39%), Steel Authority of India (down 2.42%), JSW Steel (down 0.97%), Hindustan Zinc (down 4.51%) and National Aluminium Company (down 0.01%) edged lower.

The S&P BSE Metal index had underperformed the market over the past one month till 17 November 2015, falling 5.86% compared with Sensex's 4.96% fall. The index had also underperformed the market in past one quarter, dropping 9.55% as against Sensex's 7.22% drop.

High Grade Copper for December 2015 delivery was currently down 0.59% at $2.091 per pound on the COMEX.

Powered by Capital Market - Live News