Share market update: Metal shares decline; JSW Steel slips 1%

NEW DELHI: Metal shares were trading in the negative zone with the Nifty Metal index trading with losses in Wednesday's morning trading session.

Shares of Welspun Corp (down 1.47 per cent), Jindal Stainless (Hisar) (down 0.93 per cent), JSW Steel (down 0.89 per cent) and Steel Authority of India (SAIL) (down 0.88 per cent) were the top losers in the index.

National Aluminium Company (down 0.40 per cent), MOIL (down 0.33 per cent) and Coal India (down 0.30 per cent) too were trading with losses.


The Nifty Metal index was trading 0.20 per cent down at 2980.30 around 11:47 am on Wednesday.

Benchmark NSE Nifty50 index was up 20.70 points at 10,907.50 while the BSE Sensex was up 70.33 points at 36,388.66.

Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.

Shares of YES Bank, Zee Ent., ICICI Bank, Tata Motors, Vedanta, SBI, Bank of Baroda, SAIL, Ashok Leyland, Wipro, Infosys, Bharti Airtel, Axis Bank and Hindalco Industries were among the most traded shares on the NSE.