Share market update: Metal shares decline; SAIL down nearly 2%
NEW DELHI: Metal shares were trading lower in Tuesday’s morning session.
Shares of Steel Authority of India (SAIL) (down 1.86 per cent) , Welspun CorpNSE -1.30 % (down 1.67 per cent) , Tata SteelNSE -2.03 % (down 1.39 per cent) and Jindal Steel & Power (down 0.94 per cent) were the worst performers in the index.
National Aluminium Company (down 0.84 per cent) , MOIL (down 0.28 per cent) , Hindalco Industries (down 0.27 per cent) and Vedanta (down 0.26 per cent) too were trading lower.
The Nifty Metal index was trading 0.08 per cent down at 3051.80 around 10:43 am.
Benchmark NSE Nifty50 index was up 21.85 points at 11,616.30 while the BSE Sensex was up 76.56 points at 38,721.74.
Among the 50 stocks in the Nifty index, 27 were trading in the green, while 22 were in the red.
Shares of Vodafone Idea, YES Bank, Tata Motors, SAIL, Ashok Leyland, Bharti Airtel, Zee Ent., GAIL, Indiabulls Housing Finance, DLF, RIL, Bank of Baroda, BPCL, SBI and ICICI Bank were among the most traded shares on the NSE.