NMDC (down 4.41%), Jindal Steel & Power (down 4.22%), Hindustan Zinc (down 3.2%), Tata Steel (down 2.99%), Hindalco Industries (down 2.13%), Sesa Goa (down 1.99%), Sterlite Industries (India) (down 1.9%), National Aluminium Company (down 1.74%), Bhushan Steel (down 0.65%), JSW Steel (down 0.2%) and Steel Authority of India (down 0.08%), edged higher.
The S&P BSE Metal index was down 1.86% at 8,523.85. It underperformed the S&P BSE Sensex, which was down 1.85% at 19,690.49.
The preliminary HSBC China Manufacturing Purchasing Managers' Index fell to 49.6 in May 2013, a seven-month low, HSBC said. The gauge of nationwide manufacturing activity was down from a final reading of 50.4 in April 2013. A reading above 50 indicates on-month expansion while a figure below 50 indicates contraction.
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