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Nifty Metal index crashes 16% in May, sees sharpest fall since March 2020

Fall comes on the back of the govt's decision to impose export duty on steel in a bid to cool off domestic prices

Topics
Nifty Metal | Nifty Metal index | India’s steel exports

Samie Modak  |  Mumbai 



Photo: Bloomberg
Photo: Bloomberg

The index crashed 16 per cent in May, its sharpest monthly fall since March 2020 when it sank nearly 30 per cent due to the demand shock created by the spread of covid-19 pandemic.

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First Published: Tue, May 31 2022. 17:38 IST

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