INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most metal mining stocks were suffering losses in Friday's trading session, keeping the sectoral index down
The BSE Metal index was trading 0.96 per cent down at 13,157 around 12:55 pm.
Jindal Steel Power (down 3.64 per cent) was the top loser of
Shares of the private steelmaker fell despite, as per PTI, it reported Rs 109.89 crore consolidated net profit for the June quarter.
The
company had incurred Rs 421.43 crore loss during the same quarter a year ago, Jindal Steel and Power said in a BSE filing
Steel Authority of India (SAIL) (down 1.74 per cent), Vedanta (down 1.54 per cent), Nalco (down 1.45 per cent) and Coal India (down 1.29
per cent) too were incurring losses
JSW Steel (down 0.63 per cent), Tata Steel (down 0.46 per cent), Hindustan Zinc (down 0.42 per cent) and Hindalco Industries (down 0.40 per
cent) fell up to half-a-per cent.
NMDC (up 0.70 per cent) was the only stock that was up around that time
Weak global cues hit market sentiment after lingering trade war worries made Asian stocks suffer, following a new round of US sanctions on
Russia.
The BSE Sensex was 100 points at 37,924, while the NSE Nifty50 index was down 28 points at 11,443
ICICI Bank, Reliance Industries, HDFC and State Bank of India were among the top drag on Sensex index.
