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You are here : Moneycontrol » News » Market Edge

Carnage in metal universe, index down over 7%

Published on Thu, Jul 03 at 12:04 , Updated at Thu, Jul 03 at 13:02
Source : moneycontrol.com

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Metal universe was butchered in today’s trade. It was under serious pressure from opening of trade and was down 7.83% at 12201 levels. The carnage was lead by front-runner stocks, which included both ferrous and non-ferrous stocks.

JSW Steel was worst hit and was down over 11%, followed by big boys like Jindal Steel, Tata Steel that were down over 10% and 9% respectively. Other heavy weight stocks like Sterlite industries, SAIL, Sesa Goa, were down mre than 7%. F&O favorite and liquid stock Ispat Industries was down more than 5% almost down to Rs 20 level.

Script Name

Previous Close

CMP

% Chg

at 11:40

JSW Steel

799.40

706.00

-11.68

Jindal Steel

1849.00

1657.70

-10.35

Tata Steel

741.20

671.00

-9.47

Sterlite Ind

715.25

656.10

-8.27

SAIL

141.90

130.30

-8.17

Sesa Goa

3240.85

3010.00

-7.12

Jindal Saw

481.50

453.95

-5.72

Ispat Industries

21.25

20.05

-5.65

Gujarat NRE Coke

124.75

117.75

-5.61

Shree Precoated

104.70

99.40

-5.06

Hind Zinc

497.50

475.00

-4.52

Maharahstra Seamless

285.15

273.00

-4.26

NALCO

349.45

335.40

-4.02

Hindalco Ind

142.30

138.20

-2.88

Welspun Gujarat

302.15

294.00

-2.70

Bhushan Steel

784.05

765.00

-2.43

Jindal Stainless Steel

121.65

120.00

-1.36

 

 

 

 

 

 

 

 

 

 

 

Despite of non-ferrous prices on higher side and steel prices has gone up stocks are showing contrarian moves. Metal index has lost more than 40% from its 52 week high which it made in January.

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