Profit-booking is on in metal stocks since Thursday and thus the metal index remained marginally down. On Wednesday, it had jumped 3% though.
Most of the metal stocks have rolled over to April futures and options (F&O) contracts and that indicates optimism on metal stocks among traders but, at the same time, metal fundamentals are not looking very strong.
The S&P BSE Metal index decreased 51.72 points (0.69%) to close at 7,489.03 on April 1 from the previous closing of 7,540.75. The highs and lows on April 1 were 7,538.30 and 7435.44 respectively.
Global markets such as CAC, DAX and FTSE and the domestic index, the Sensex, all were trading in the red.
The Sensex decreased 72.22 points (0.28%) to close at 25,269.64.
On April 1, most stocks on the S&P BSE Metal closed in the red. The maximum gain was registered by Jindal Steel, with the stock increasing 5.75% to close at Rs 63.5. The maximum loss was registered by NALCO, with the stock, decreasing 1.44% to close at Rs 39.05.
Movement of S&P BSE Metal over the last one year:
Price movement of stocks on S&P BSE Metal on April 1:
Company Name |
Industry |
Last |
Change |
%Chg |
Mkt Cap |
|
|
Price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
287.8 |
-4.2 |
-1.44 |
181785 |
Hind Zinc |
Metals - Non Ferrous |
184.85 |
1.35 |
0.74 |
78105.02 |
Hindalco |
Aluminium |
86.65 |
-1.25 |
-1.42 |
17893.1 |
Jindal Steel |
Steel - Sponge Iron |
63.5 |
3.45 |
5.75 |
5809.64 |
JSW Steel |
Steel - Large |
1262.95 |
-17.6 |
-1.37 |
30528.29 |
NALCO |
Aluminium |
39.05 |
-0.6 |
-1.51 |
10064.12 |
NMDC |
Mining & Minerals |
97.9 |
-0.05 |
-0.05 |
38814.57 |
SAIL |
Steel - Large |
43.6 |
0.6 |
1.4 |
18009.09 |
Tata Steel |
Steel - Large |
317.7 |
-1.8 |
-0.56 |
30855.51 |
Vedanta |
Mining & Minerals |
90.2 |
0.3 |
0.33 |
26741.54 |