The steel sector remained a week performer for the fifth day in a row.
The last time the metal index had surged significantly was on February 5, and that too because the market had been expecting the announcement of the minimum import price (MIP) on steel products from the government. But after that the metal index has been falling continuously.
The S&P BSE Metal index decreased 79.95 points (1.25%) to close at 6,332.43 on February 12 from the previous closing of 6,412.38. The highs and lows on February 12 were 6,660.19 and 6,334.56 respectively.
After 4 days, global markets such as CAC, DAX and FTSE as well as the Indian Sensex all went up on Friday from their previous close.
The Sensex increased 34.29 points (0.15%) to close at 22,986.12.