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Metal producers, such as Tata Steel, Hindalco, JSW Steel, Hindustan Zinc, Steel Authority of India, and National Aluminium, saw big cut in their shares on Monday

Krishna Kant Mumbai
A sudden and sharp fall in the equity markets on Monday not only brought fear back on the Street, but also raised a question mark over the sustainability of the rally in metal stocks. Metal producers, such as Tata Steel, Hindalco, JSW Steel, Hindustan Zinc, Steel Authority of India, and National Aluminium, saw big cut in their shares on Monday as investors fretted about the future trajectory of the demand and prices of industrial metals.

This is a sharp reversal for the sector that has been a rally leader until recently. The combined market capitalisation of India’s top eight industrial metal

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First Published: Dec 23 2020 | 12:25 AM IST

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