Quick Wrap: Nifty Metal Index falls 2.87%, NIFTY Tumbles 1.28%

Nifty Metal index ended down 2.87% at 2860.5 today. The index has gained 2.00% over last one month. Among the constituents, Jindal Steel & Power Ltd shed 5.95%, Tata Steel Ltd fell 5.72% and Steel Authority of India Ltd dropped 5.36%. The Nifty Metal index has fallen 19.00% over last one year compared to the 7.90% increase in benchmark Nifty 50 index. In other indices, Nifty Commodities index has dropped 2.23% and Nifty Energy index is down 2.03% on the day. In broad markets, the Nifty 50 has dropped 1.28% to close at 11672.15 while the SENSEX has dropped 1.25% to close at 38960.79 today.

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