Market Now: Metal stocks extend fall; Hindustan Copper cracks 4%

NEW DELHI: Most of the metal stocks including Hindustan Copper (down 4.29 per cent), APL Apollo Tubes (down 2.93 per cent), Jindal Stainless (Hisar) (down 2.39 per cent) and Hindustan Zinc (down 2.37 per cent) continued their downward movement in afternoon trade on Thursday.

The Nifty Metal index was trading 1.5 per cent down at 4,005 around 12:30 PM (IST).

Vedanta (down 1.90 per cent), Tata Steel (down 1.71 per cent), Coal India (down 1.70 per cent), Steel Authority of India (SAIL) (down 1.29 per cent), Hindalco Industries (down 1.23 per cent), National Aluminium Company (NALCO) (down 1 per cent), Jindal Steel & Power (down 0.98 per cent) and NMDC (down 0.57 per cent) were also down in the index.


Market came off day's highs as Dalal Street investors digested Budget 2018 proposals.

Benchmark NSE Nifty50 index was down 32 points at 10995, while the BSE Sensex was 92 points down at 35,873 around 12:30 pm (IST).

Among the 50 stocks in the Nifty50 index, 17 were trading in the green, while 33 were in the red.