The metal sector was badly hit for the consecutive second day. The S&P BSE Metal index plunged 134.9 points (2.03%), to close at 6,512.27 on February 3 from the previous closing of 6,647.17. The highs and lows on February 3 were 6,677.63 and 6,479.63 respectively.
Global markets such as CAC, DAX and FTSE as well as the Indian Sensex all closed in the red on Wednesday.
The Sensex lost 315.68 points (1.29%) to close at 24,223.
For the second day running metal stocks performed really badly. Each and every underlying stock on the S&P BSE index closed in the red. SAIL was the top loser as the stock crashed 7.85%. Tata Steel, Jindal Steel, JSW Steel and HINDALCO lost 7.18%, 5.79%, 4.43% and 3.52% respectively. The overall negative global sentiment is the main reason behind the fall in the metal index.
The movement of S&P BSE Metal for the last one year
The price movement of underlying stocks of S&P BSE Metal
Company Name |
Last trading |
Change |
%Chg |
Mkt Cap |
|
Price |
|
|
(Rs cr) |
Coal India |
319 |
-9.6 |
-2.92 |
201492.02 |
Hind Zinc |
155.7 |
-4.55 |
-2.84 |
65788.22 |
Hindalco |
68.6 |
-2.5 |
-3.52 |
13086.71 |
Jindal Steel |
60.15 |
-3.7 |
-5.79 |
5503.15 |
JSW Steel |
1004.2 |
-46.6 |
-4.43 |
24273.73 |
NALCO |
34.15 |
-0.5 |
-1.44 |
8801.27 |
NMDC |
79.4 |
-0.95 |
-1.18 |
31479.85 |
SAIL |
39.35 |
-3.35 |
-7.85 |
16253.62 |
Tata Steel |
231.5 |
-17.9 |
-7.18 |
22483.64 |
Vedanta |
64.9 |
-5.5 |
-7.81 |
17737.68 |