Most of the Metal shares are trading on a negative note as they wait anxiously for the Cabinet to pass an ordinance for the mining sector. Media reports indicate that the mining ordinance may take place towards the end of the week.
The CNX Metal index had rallied over 2 per cent on hopes of ordinance on land mining to be passed yesterday.
However, the CNX Metal index has reversed direction and declined almost a per cent at 2,647 on the NSE.
JSW Steel has slipped almost 2 per cent at Rs. 1,049. Sesa Sterlite and Jindal Steel have dropped over 1.5 per cent each at Rs. 211 and Rs. 90.25, respectively.
National Aluminium has shed 1.4 percent at Rs. 53.75. Tata Steel has declined over a per cent at Rs. 399. Coal India has moved down almost a per cent at Rs. 383.
Hindalco and Jindal Steel are also down over 0.5 per cent each at Rs. 156 and Rs. 153, respectively.
Meanwhile, the NSE Nifty is down ten points at 8,235.
The CNX Metal index had rallied over 2 per cent on hopes of ordinance on land mining to be passed yesterday.
However, the CNX Metal index has reversed direction and declined almost a per cent at 2,647 on the NSE.
JSW Steel has slipped almost 2 per cent at Rs. 1,049. Sesa Sterlite and Jindal Steel have dropped over 1.5 per cent each at Rs. 211 and Rs. 90.25, respectively.
National Aluminium has shed 1.4 percent at Rs. 53.75. Tata Steel has declined over a per cent at Rs. 399. Coal India has moved down almost a per cent at Rs. 383.
Hindalco and Jindal Steel are also down over 0.5 per cent each at Rs. 156 and Rs. 153, respectively.
Meanwhile, the NSE Nifty is down ten points at 8,235.
No comments:
Post a Comment