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Metal stocks have been on a rally this month on the back of a surge in global commodity prices and positive global growth outlook.Shares of metal companies fared the worst in trade today, with the Nifty Metal Index falling 3% due to profit booking.
Metal stocks have been on a rally this month on the back of a surge in global commodity prices and positive global growth outlook.
Barring APL Apollo Tubes, which was up 1.7%, all other constituents of the metal index traded 1.2-7.8% lower. However, despite today's fall, metal stocks are still up 2-6% from a month ago.
The Nifty Metal Index was 3% lower at 4,083.55 points.
Coal India Ltd is currently trading at Rs292.65, down by Rs12.8 or 4.19% from its previous closing of Rs305.45 on the BSE. The scrip opened at Rs306 and has touched a high and low of Rs306 and Rs292.65, respectively.
National Aluminium Company Ltd is currently trading at Rs79.2, down by Rs7.45 or 8.6% from its previous closing of Rs86.65 on the BSE. The scrip opened at Rs87 and has touched a high and low of Rs87.05 and Rs79.05, respectively.
Steel Authority of India Ltd is currently trading at Rs92.95, down by Rs7.15 or 7.14% from its previous closing of Rs100.1 on the BSE. The scrip opened at Rs100.5 and has touched a high and low of Rs100.7 and Rs92.6, respectively.
MOIL Ltd is currently trading at Rs245.3, down by Rs10.75 or 4.2% from its previous closing of Rs256.05 on the BSE. The scrip opened at Rs256.25 and has touched a high and low of Rs256.5 and Rs245, respectively.
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