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NSE Metal Index is down for the consecutive fifth straight session and is down by 0.5%. Moody's downgraded debt rating of China on Tuesday, the world's biggest consumer of metals, saying the outlook for its financial strength will worsen.Stocks such as Vedanta is down by 1.5%, Welspun Corp is down by 0.9%, Hindalco is down by 0.7% and MOIL is down by 1%.
Tata Motors on Wednesday surged the most since Nov 8,2016 on above estimates Q4 FY17 earnings. The stock climbed nearly 4% on the NSE. The S&P BSE Sensex is trading at 30525 up 160 points, while NSE Nifty is trading at 9429 up 43 points. A total of 6 stocks registered a fresh 52-week high in trade today, while 51 stocks touched a new 52-week low on the NSE.
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