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Metal shares extend fall; Nifty Metal index down 4% in two days

In 2017, metal index rallied 20% against 9.5% rise in Nifty 50 index till Monday.

SI Reporter  |  Mumbai 

Shares of metal companies were under pressure and quoting lower for second straight trading sessions on the bourses on profit booking. NMDC, Jindal Steel & Power (JSPL), Vedanta, National Aluminium Company, Hindalco Industries and Tata Steel were down in the range of 2% to 4% on the National Stock Exchange (NSE).

At 12:15 pm; Nifty Metal index, the largest loser among sectoral indices, was down 2.1% at 3,068 as compared to 0.51% decline in Nifty 50 index. In past two trading sessions, the metal index slipped 4% against 0.69% fall in the benchmark index. Thus far in calendar year ...

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First Published: Wed, March 08 2017. 12:52 IST
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