Metal stocks were trading with losses, with the S&P BSE Metal index decreasing 1052.27 points or 5.32% at 18709.85 at 13:50 IST.
Among the components of the S&P BSE Metal index, JSW Steel Ltd (down 7.8%), Hindalco Industries Ltd (down 6.28%),Jindal Steel & Power Ltd (down 6%),Tata Steel Ltd (down 5.46%),Steel Authority of India Ltd (down 5.41%), were the top losers. Among the other losers were NMDC Ltd (down 4.86%), Vedanta Ltd (down 4.5%), Coal India Ltd (down 1.45%), APL Apollo Tubes Ltd (down 1.31%), and Hindustan Zinc Ltd (down 0.69%).
At 13:50 IST, the S&P BSE Sensex was down 1489.26 or 2.53% at 57305.83.
The Nifty 50 index was down 435.25 points or 2.48% at 17101.
The S&P BSE Small-Cap index was down 552.69 points or 1.92% at 28270.06.
The S&P BSE 150 Midcap Index index was down 224.63 points or 2.52% at 8699.63.
On BSE,1082 shares were trading in green, 2143 were trading in red and 134 were unchanged.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.