Share market update: Metal shares decline; JSW Steel falls over 4%

NEW DELHI: Most metal stocks were trading with losses in Friday's session, keeping their sectoral index on NSE in the negative zone.

Shares of JSW Steel (down 4.44 per cent) , Hindustan Copper (down 3.99 per cent) , Steel Authority of India (SAIL) (down 3.24 per cent) and Jindal Steel & Power (down 2.88 per cent) were trading lower.

Hindalco Industries (down 2.82 per cent) , Tata Steel (down 2.60 per cent) , Vedanta (down 2.21 per cent) and Welspun Corp (down 1.42 per cent) too were among the worst performers in the index.


The Nifty Metal index was trading 1.82 per cent down at 2684 around 11:17 am.

Benchmark NSE Nifty50 index was down 97.30 points at 10,648.75 while the BSE Sensex was 275.53 points at 35600.69.

Among the 50 stocks in Nifty index, 10 were trading in green, while 40 were in red.

Shares of YES Bank, Ashok Leyland, ONGC, ITC, SBI, ICICI Bank, Vedanta , Tata Motors, SAIL, Indian Oil Corp, Axis Bank, NTPC, Sun Pharma and Adani Ports SEZ were among most traded securities on the National Stock Exchange on Friday.