At around 1.40, the Nifty Metal index was trading at 3,881.25 lower by 95.60 points or 2.40%. The index has tumbled to an intraday low of 3,876.80.
Only two stocks advanced on Nifty Metal. These were Hindustan Copper as the top gainer soaring by 3.13% followed by APL Apollo surging by 1%.
The remaining 13 stocks declined on Nifty Metal with NALCO being the worst hit slumping by 5.15% followed by JSPL plunging 4.7%. Stocks like SAIL, Ratnamani and NMDC dipped by more than 3% each.
Nearly a 3% decline each was seen in Tata Steel and Hindalco. Meanwhile, JSW Steel, Midhani and Hindustan Zinc slipped between 2-2.5%.
MOIL and Welspun Corp shed over 2% each. Coal India dived nearly 1%.
In overnight trade, the Shanghai base metals dropped across the board. At the exchange, Copper slipped 1.79%, aluminium dipped 1.4%, zinc skid 0.73%, tin contracted 0.9%, lead slid 1.93% and nickel fell 8.21%.
Similarly, the LME complex fell across the board with Nickel leading the losses plunging by 8.77%. At the index, zinc slipped 2.58%, aluminium dropped 3.18%, copper fell 5.36%, lead was lower by 2.49% and tin tumbled 2.76%.
Also, the three-month LME copper nosedived by 5.8% to end at $8,589 a tonne overnight.