Metal Stocks Crack, Jindal Steel falls 6pc

Market key benchmark Indices remained under stress with the Sensex and Nifty volatile s thorough afternoon session.

The Nifty Metal index is trading with losses , as selling pressure emerged in Jindal Steel&Power SAIL and Vedanta, with the index slipping down over 2.96% at 2,235.75 levels.

Jindal Steel slumped over 6% coming out as the top losers in the metal index. SAIL declined 4.41%, Vedanta cracks 4.27%, NMDC, Tata Steel, Hindustan Copper, Coal India and JLR Hisar slide 3% each among major losers on the Nifty metal index.

Except Welspun Corp which witness buying at a level 2.56%, all the components in the Nifty metal index are falling.

In other indices, Nifty Bank/Pvt bank/ PSU Bank, Auto and Pharma have also slid on the day. In broad markets, the Nifty and Sensex down ~0.70% at 1.50pm.

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