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Nifty Metal index hits four-month low; JSPL,Vedanta hits fresh 52-week lows

Tata Steel, Vedanta, JSW Steel, Jindal Steel & Power, SAIL, NMDC, NMDC and Jindal Stainless (Hisar) were down in the range of 2% to 4% on the NSE.

Steel makers, metal, industry, steel firms

Shares of metal companies continued to remain under pressure for the fifth straight trading session, with Nifty Metal index falling more than 8% on macroeconomic concerns. Tata Steel, Vedanta, JSW Steel, Jindal Steel & Power (JSPL), Steel Authority of India (SAIL), NMDC, NMDC and Jindal Stainless (Hisar) were down in the range of 2% to 4% on the National Stock Exchange (NSE). At 10:17 am; Nifty Metal index was down 1.9% at 3,114 points, as compared to a 0.01% rise in the Nifty 50 index. In the past five trading sessions, metal index dipped 8.3% against 1.2% decline ...