Metal stocks plunged marginally amidst the introduction of the much-awaited minimum import price (MIP) in the steel sector. Stock market analysts said, that last Friday the metal index grew 3% because of the expectation of the MIP introduction. However, on Monday the market has factored in the sentiment of the MIP, they said.
The S&P BSE Metal index decreased 58.59 points (0.85%) to close at 6,839.94 on February 8 from the previous closing of 6,898.53. The highs and lows on February 8 were 7,025.93 and 6,811.92 respectively.
Global markets such as CAC, DAX and FTSE as well as the Indian Sensex all closed in the red on Monday.
The Sensex decreased 329.55 points (1.34%) to close at 24,287.42.
The movement of the S&P BSE Metal for the last one year:
Price movement of stocks on S&P BSE Metal:
Company Name |
Industry |
Last |
Change |
%Chg |
Mkt Cap |
|
|
Price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
322.1 |
-4.1 |
-1.26 |
203450.1 |
Hind Zinc |
Metals - Non Ferrous |
167.25 |
-1 |
-0.59 |
70668.46 |
Hindalco |
Aluminium |
69.7 |
-1.65 |
-2.31 |
13296.56 |
Jindal Steel |
Steel - Sponge Iron |
61.4 |
-2.05 |
-3.23 |
5617.51 |
JSW Steel |
Steel - Large |
1049.35 |
10.3 |
0.99 |
25365.1 |
Monday.
The Sensex decreased 329.55 points (1.34%) to close at 24,287.42.
The movement of the S&P BSE Metal for the last one year:
Price movement of stocks on S&P BSE Metal:
Company Name |
Industry |
Last |
Change |
%Chg |
Mkt Cap |
|
|
Price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
322.1 |
-4.1 |
-1.26 |
203450.1 |
Hind Zinc |
Metals - Non Ferrous |
167.25 |
-1 |
-0.59 |
70668.46 |
Hindalco |
Aluminium |
69.7 |
-1.65 |
-2.31 |
13296.56 |
Jindal Steel |
Steel - Sponge Iron |
61.4 |
-2.05 |
-3.23 |
5617.51 |
JSW Steel |
Steel - Large |
1049.35 |
10.3 |
0.99 |
25365.1 |
NALCO |
Aluminium |
34 |
-0.1 |
-0.29 |
8762.61 |
NMDC |
Mining & Minerals |
83.35 |
-1.25 |
-1.48 |
33045.91 |
SAIL |
Steel - Large |
40.65 |
-0.2 |
-0.49 |
16790.59 |
Tata Steel |
Steel - Large |
234.45 |
0.45 |
0.19 |
22770.15 |
Vedanta |
Mining & Minerals |
71.7 |
-2.15 |
-2.91 |
19596.18 |