Title: Share market update: Metal shares decline; SAIL dips nearly 4%
NEW DELHI: Most metal stocks were incurring losses in Friday's session, keeping their sectoral index on NSE in the negative zone.
The Nifty Metal index was trading 1.75 per cent down at 2786.15 around 11:48 am.
Shares of Steel Authority of India (SAIL) (down 3.80 per cent), VedantaNSE -5.69 % (down 3.24 per cent), Jindal Steel & Power (down 3.15 per cent ) and JSW SteelNSE -3.75 % (down 2.76 per cent) were the worst performers in the index.
Welspun Corp (down 2.14 per cent), Hindalco Industries (down 1.84 per cent), Hindustan Zinc (down 1.25 per cent) and Tata Steel (down 1.20 per cent) too were trading lower.
Benchmark NSE Nifty50 index was down 63.65 points at 11,005.75 while the BSE Sensex was down 207.54 points at 36,763.55.
Among the 50 stocks in the Nifty index, 13 were trading in the green, while 36 were in the red.
Shares of Tata Motors, SAIL, YES Bank, Tata Motors, Vodafone Idea, Ashok Leyland, Indiabulls Housing Finance, SBI, L&T Fin Holding, Motherson Sumi, Vedanta , NHPC, Bank of Baroda, Zee Entertainment and BHEL were among the most traded shares on the NSE.