At around 2.36 pm, Nifty Metal was trading at 4,848.15 down by 7.15 points or 0.15%. The index tumbled amid a broad-based selloff recorded in benchmarks Sensex and Nifty.
JSPL and Hindalco were top laggards on the index tumbling by 3.5% and 2.2% respectively. More than 1% plunge each was recorded in APL Apollo, Welspun Corp and JSW Steel.
Tata Steel and Adani Enterprises dived by 0.5% each.
On a positive note, Coal India and SAIL were top gainers soaring by 4.3% each. MOIL and Vedanta climbed by 3.3% and 1.4% respectively.
Hindustan Zinc surged by 1%, while NMDC jumped by 0.8%.
Ratnamani and NALCO were marginally up.
Overnight, the Shanghai and London base metals reacted on a mixed note to the US Federal Reserves decision of keeping interest rates near zero and digested a fresh round of corporate earnings.
At Shanghai Future Exchange, Nickel shed 0.61%, zinc plunged 1.55% and copper dived 0.58%, while aluminium jumped 0.69%, tin zoomed 0.22% and lead rose 0.07%. Meanwhile, at the London Metal Exchange, Lead was the best performer strengthening by 0.86%. Aluminium climbed 0.56% and copper inched up 0.05%, while nickel slipped 0.6%, tin dived 0.32% and zinc fell 0.48%.