S&P BSE Metal Index closed at 6,662.69 on January 19, correcting the downtrend of the past three days, but almost flat compared to yesterday’s closing mark of 6,667.03.
On January 19, the market opened at 6,696.65, slightly up from the previous close. Then, in the early morning, the index hit the bottom point of the day at 6,575.76. However, during the entire trading session, the index recovered to reach a high of 6,718.00.
After 3 days of continuous fall in metal prices, January 19 saw a correction. Most of the steel stocks performed well. Jindal Steel, Tata Steel and SAIL gained 5.88%, 0.72% and 1.31% respectively. The sentiment in the market was positive throughout the day. The metal stocks gained support from the market overall as the Sensex also closed on a positive note.
On January 19, the International Monetary Fund (IMF) said India would grow faster than the world and that helped the Indian stock markets to grow. The 52-week high and low are 10,767.62 and 6,513.66 respectively.
The movement of S&P BSE Metal in the last one year:
The performance of underlying stocks of S&P BSE Metal on January 19
Company name |
Industry |
Last |
Change |
%Chg |
Mkt cap |
|
|
price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
308.6 |
-2.85 |
-0.92 |
194923.01 |
Hind Zinc |
Metals - Non Ferrous |
138.3 |
-0.4 |
-0.29 |
58436.16 |
Hindalco |
Aluminium |
71.8 |
0.6 |
0.84 |
14826.6 |
Jindal Steel |
Steel - Sponge Iron |
63.9 |
3.55 |
5.88 |
5846.24 |
JSW Steel |
Steel - Large |
998.9 |
6.45 |
0.65 |
24145.61 |
NALCO |
Aluminium |
34.75 |
0.25 |
0.72 |
8955.9 |
NMDC |
Mining & Minerals |
83.55 |
-1.05 |
-1.24 |
33125.2 |
SAIL |
Steel - Large |
42.55 |
0.55 |
1.31 |
17575.39 |
Tata Steel |
Steel - Large |
237.95 |
1.7 |
0.72 |
23110.07 |
Vedanta |
Mining & Minerals |
69.45 |
0.6 |
0.87 |
20589.8 |
Source: ISMW