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Sesa Sterlite shares slump on weak iron ore prices

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Reuters

Reuters Market Eye - Shares in Sesa Sterlite fell as much as 3.24 percent, adding to their 1.2 percent fall in the previous session, as iron ore prices posted their biggest one-day drop in over four years on Monday.

Sesa is India's largest private sector iron ore exporter.

Sesa shares are down 11.3 percent so far this year, widely under-performing the Nifty's 3.6 percent gain.

(Reporting by Indulal P)

 

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First Published: Mar 11 2014 | 11:52 AM IST

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