Shares in the Metal sector were seen increased pressure on Friday’s session as part of heavy selling in the market.
The Nifty Metal index was trading lower by 5.70 percent at 2,272.65, at noon session at 11.50-hrs. In comparison, the Sensex slipped 1102 points at 38643-mark and the Nifty dropped 334 at 11298-level in trade.
Shares of Vedanta, Tata Steel, Steel Authority of India, Jindal Steel, JSW Steel, Welspun Corp, and Hindalco have slipped between 6 and 9 percent and have come out as the losers in the Nifty Metal index.
Further, MOIL, NALCO, Hindustan Copper, NMDC, Hindustan Zinc, Coal India were trading lower between 3 and 4 percent each, while APL Apollo and Ratnamani have traded at bare minimum lower levels.
Meantime, over 100 Stocks that Hit their one-year-low levels on the NSE today include ACC Ltd, Apollo Tyres, Bharat Gears, Bharat Electronics, BHEL, Gail India and Gallant Metal Limited.