Metal stocks plunged for the second consecutive day. Stock market analysts explained that last Friday the metal index grew 3% because of expectations of the minimum import price (MIP) introduction. But, after that, on Monday and Tuesday, the market remained in the red zone.
The S&P BSE Metal index decreased 168.80 points (2.47%) to close at 6,671.14 on February 9 from the previous closing of 6,839.94. The highs and lows on February 9 were 6,800.25 and 6,642.25 respectively.
Global markets such as CAC, DAX and FTSE as well as the Indian Sensex all closed in the red on Tuesday.
The Sensex decreased 266.44 points (1.14%) to close at 24,020.98.
On Tuesday, SAIL posted a net loss of Rs 1,529 crore and lost 4.18% in the market. The maximum loss was reported by JSW, whose stock lost 4.8%.
The movement of S&P BSE Metal in the last one year:
Price movement of stocks on S&P BSE Metal
Company Name |
Last trading |
Change |
%Chg |
Mkt Cap |
|
Price |
|
|
(Rs cr) |
Coal India |
309.2 |
-14.15 |
-4.38 |
195301.99 |
Hind Zinc |
164.2 |
-3.05 |
-1.82 |
69379.74 |
Hindalco |
69.95 |
0.25 |
0.36 |
13344.25 |
Jindal Steel |
61.1 |
-0.3 |
-0.49 |
5590.06 |
JSW Steel |
999 |
-50.35 |
-4.8 |
24148.03 |
NALCO |
34.05 |
0.05 |
0.15 |
8775.5 |
NMDC |
84.7 |
1.35 |
1.62 |
33581.14 |
SAIL |
38.95 |
-1.7 |
-4.18 |
16088.4 |
Tata Steel |
235.55 |
1.1 |
0.47 |
22876.98 |
Vedanta |
69.75 |
-1.95 |
-2.72 |
19063.23 |