Nifty Metal underperforms; Hindalco, Tata Steel, Hindustan Zinc drags

The index has touched the day's low of 2,315.75.

Oct 28, 2020 03:10 IST India Infoline News Service

Bear Market
Metal stocks witnessed huge selling pressure during Wednesday's trading session, which resulted in dragging the benchmark indices Nifty and Sensex.

At around 3.21 pm, Nifty Metal was trading at 2,326.65 down 1.40%. The index has touched the day's low of 2,315.75.

On the index, the top underperforming stocks were - Hindustan Copper at Rs33.70 per piece down 2.60%, followed by Hindalco (Rs170.40 per piece), Tata Steel (Rs170.40 per piece), Hindustan Zinc (Rs210.35 per piece) and NMDC (Rs81.15 per piece) plunging by 2% each.

JSW Steel, Welspun Corp, Coal India, Jindal Jindal Steel & Power, Ratnamani Metals & Tubes and Mishra Dhatu Nigam dived by 1% each.

National Aluminium and MOIL stock plunged marginally.

Meanwhile, the gainers' list included two stocks namely SAIL and APL Apollo Tubes surging by 1% each.

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