Vedanta & Hindalco Together Drag The BSE Metal Down

Vedanta Limited and Hindalco put together are contributing to almost 50% of the BSE Metal index.

Hindustan Zinc in down by 2%, Vedanta Limited is down by 1.3%, Hindalco is down by 1.16%, NMDC is down by 1%, JSW Steel is down by 0.9%, Tata Steel is down by 0.7%, Sail is down by 0.08% and Coal India is down by 1.14%

National aluminium is up by 0.6% and Jindal Steel is up by 0.55%. Owing to fall in commodity prices globally the metal stocks have been reacting negatively and the prices are seeing a correction.

Metal stocks along with FMCG stocks are the only losers in the market on Monday. Private banks and IT stocks are biggest gainers on Monday along with the realty stocks.

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About Suhani Varma

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