Shares of metal companies were under pressure with Hindalco Industries and Jindal Steel & Power (JSPL) falling 5% each, while National Aluminum, Tata Steel, Vedanta, Steel Authority of India (SAIL) and JSW Steel were down 2% to 3% on the NSE, due to macro concerns. At 02:19 PM; Nifty Metal index, the largest loser among sectoral indices, down 2.6% at 3,309, as compared to 0.86% decline in Nifty 50 index.
The metal index slipped 11% from its recent high level of 3,714 on September 14, 2018, against a 7% decline in the benchmark index. Ferrous companies continued their impressive run ...
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