 "Nalco rides on London Metal Exchange gains, sees room for more price hikes")
Shares of metal companies were under pressure with the Nifty Metal index hitting an over eight month low on the National Stock Exchange (NSE).
Vedanta, Jindal Steel & Power, Hindalco Industries, Steel Authority of India (SAIL), NMDC and Hindustan Copper were trading 2% to 4% lower on the NSE.
At 02:37 pm; Nifty Metal index was down 1.7% at 3,422, as compared to 0.69% decline in the Nifty 50 index. The metal index hit an intra-day low of 3,401, its lowest level since September 25, 2017. It fallen 20% from its 52-week high of 4,256, touched on January
Vedanta, Jindal Steel & Power, Hindalco Industries, Steel Authority of India (SAIL), NMDC and Hindustan Copper were trading 2% to 4% lower on the NSE.
At 02:37 pm; Nifty Metal index was down 1.7% at 3,422, as compared to 0.69% decline in the Nifty 50 index. The metal index hit an intra-day low of 3,401, its lowest level since September 25, 2017. It fallen 20% from its 52-week high of 4,256, touched on January
