Share market update: Metal shares decline; JSPL slips over 3%

NEW DELHI: Metal shares were trading with losses in Thursday's morning session.

Shares of Jindal Steel & Power (down 3.59 per cent), Jindal Stainless (Hisar) (down 2.92 per cent), Steel Authority of India (SAIL) (down 2.56 per cent) and Vedanta (down 2.51 per cent) were trading lower.

Hindalco Industries (down 2.47 per cent), Tata Steel (down 1.92 per cent), Hindustan Copper (down 1.90 per cent) and National Aluminium Company (down 1.88 per cent) too were trading in the red.


The Nifty Metal index was trading 1.62 per cent down at 3098.80 around 10:39 am.

Benchmark NSE Nifty50 index was down 31.35 points at 11,755.80 while the BSE Sensex was down 87.84 points at 39,187.80.

Among the 50 stocks in the Nifty index, 11 were trading in the green, while 39 were in the red.

Shares of Tata Motors, Wipro, YES Bank, Ashok Leyland, SAIL, RIL, ICICI Bank, SBI, DLF, Bank of Baroda, Tata Motors, Bharti Airtel, Infosys and InterGlobe Aviation were among the most traded securities on the National Stock Exchange on Thursday.