For the third consecutive day, the steel sector remained in the red. Stock market analysts explained that last Friday the metal index grew 3% because of the expectation of the MIP introduction. But, after that, from Monday to Wednesday, the market remained in the red zone.
The S&P BSE Metal index decreased 4.43 points (0.07%) to close at 6,666.71 on February 10 from the previous closing of 6,671.14. The highs and lows on February 10 were 6,800.25 and 6,642.25 respectively.
The performance of the global indices were also weak. Global markets such as CAC, DAX and FTSE as well as the Indian Sensex all closed in the red on Wednesday.
The Sensex decreased 266.44 points (1.14%) to close at 24,020.98.
On February 10, HINDALCO was the biggest loser, with its stock getting eroded by 4.22% to close at Rs 67. The Highest gain was registered by JSW Steel whose stock increased 2.55% to close at Rs 1,024.45.
Movement of S&P BSE Metal for the last one year:
Price movement of stocks on S&P BSE Metal:
Company Name |
Last trading |
Change |
%Chg |
Mkt Cap |
|
Price |
|
|
(Rs cr) |
Coal India |
314.05 |
4.85 |
1.57 |
198365.42 |
Hind Zinc |
161.2 |
-3 |
-1.83 |
68112.14 |
Hindalco |
67 |
-2.95 |
-4.22 |
12781.48 |
Jindal Steel |
59.8 |
-1.3 |
-2.13 |
5471.12 |
JSW Steel |
1024.45 |
25.45 |
2.55 |
24763.21 |
NALCO |
33.75 |
-0.3 |
-0.88 |
8698.18 |
NMDC |
84.5 |
-0.2 |
-0.24 |
33501.85 |
SAIL |
37.85 |
-1.1 |
-2.82 |
15634.04 |