Nifty Metal index has extended its losses at lunch hours trading lower by 75 points at 3047 levels. JSW Steel is the top loser in the index trading lower by 3.7% at Rs 179.8 per share.
Other metal stocks like Jindal Steel, Tata Steel, SAIL, Hindalco and Vedanta Limited are also trading lower by up to 3%.
At 1 PM, the S&P BSE Sensex is trading at 29195 down 225 points, while NSE Nifty is trading at 9035 up 72 points. A total of 60 stocks registered a fresh 52-week high in trade today, while 24 stocks touched a new 52-week low on the NSE.
There are 618 advances, 971 declines and 340 unchanged stocks on NSE reflecting fairly negative bias floating in the market.
The BSE Mid-cap Index is trading down 0.3% at 13810, while BSE Small-cap Index is trading lower by 0.13% at 14059.
All the sectoral indices on BSE are trading in negative territory except BSE Consumer Durables index index.
Bank of Baroda, Bharti Infratel, IndusInd Bank, Infosys and Hindustan Unilever Limited are among the gainers, whereas Idea, Tata Steel, Hindalco, Coal India and Reliance Industries Limited are losing sheen on NSE.
The INDIA VIX is up 3.6% at 12.4.
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