Ahead of the European Central Bank meeting and a fall in oil prices in Europe, the entire global market was volatile. Metal stocks were also down because of the negative sentiment.
On Wednesday, the index increased 170 points because of a positive sentiment in anticipation of restricted imports and expansion in domestic steel businesses.
The S&P BSE Metal index decreased 21.28 points (0.28%) to close at 7,448.82 on April 7 from the previous closing of 7,470.10. The highs and lows on April 7 were 7,525.23 and 7,432.45 respectively.
Global markets such as CAC, DAX and FTSE and the domestic index, the Sensex, all were trading in the red zone.
The Sensex decreased 215.21 points (0.86%) to close at 24,685.42.
On April 7, most of the stock on the S&P BSE Metal closed in the red. The maximum gain was registered by Coal India, with the stock increasing 1.94% to close at Rs 281.10. The maximum loss was registered by Jindal Steel, with the stock decreasing -2.82% to close at Rs 60.25.
Movement of S&P BSE Metal over the last one year:
Price movement of stocks on S&P BSE Metal on April 7:
Company Name |
Industry |
Last |
Change |
%Chg |
Mkt Cap |
|
|
Price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
281.1 |
5.35 |
1.94 |
177553 |
Hind Zinc |
Metals - Non Ferrous |
160.65 |
-1.4 |
-0.86 |
67879.75 |
Hindalco |
Aluminium |
87.2 |
-1.75 |
-1.97 |
18006.68 |
Jindal Steel |
Steel - Sponge Iron |
60.25 |
-1.75 |
-2.82 |
5512.3 |
JSW Steel |
Steel - Large |
1276.8 |
-15.25 |
-1.18 |
30863.07 |
NALCO |
Aluminium |
38.8 |
0.55 |
1.44 |
9999.69 |
NMDC |
Mining & Minerals |
101.95 |
0.4 |
0.39 |
40420.28 |
SAIL |
Steel - Large |
42.4 |
-0.8 |
-1.85 |
17513.43 |
Tata Steel |
Steel - Large |
323.95 |
-4.5 |
-1.37 |
31462.52 |
Vedanta |
Mining & Minerals |
85.85 |
-1.65 |
-1.89 |
25451.9 |