Metal shares were trading considerably lower in Monday’s morning session with their sectoral index in the red.
Shares of Steel Authority of India (down 3.09%), JSW Steel (down 2.55%) and Jindal Steel & Power (down 2.52%) were trading significantly lower
Hindalco (down 2.44%) Vedanta (down 2.39%) and NMDC (down 1.92%) also were trading with losses.
The Nifty Metal index was trading 1.55% down at 2,937.10 around 11:00 am. In comparison, benchmark NSE Nifty50 index was down 98points at 11,358 level while the BSE Sensex was down 337points at 37,826.89.