The steel sector entered the red zone on Tuesday after a 6-day continuous bull run. The index had remained green throughout the previous week and on Monday.
The S&P BSE Metal index decreased 121.08 points (1.75%) to close at 6,789.70 on February 23 from the previous closing of 6,910.78. The highs and lows on February 23 were 6,973.70 and 6,773.79 respectively.
Global markets such as CAC, DAX and FTSE as well as the Indian Sensex all closed nearly 1-2% down on Tuesday from the previous close.
The Sensex decreased 378.61 points (1.59%) to close at 23,410.18.
On February 23, most of the stocks on the S&P BSE Metal closed in the red. The maximum gain was registered by JSW Steel, with the stock increasing 1.66% to close at Rs 1,121. The maximum loss was registered by Coal India, which decreased 4% to close at Rs 301.35.
Movement of S&P BSE Metal over the last one year:
Price Movement of S&P BSE Metal on Feb 23
Company Name |
Industry |
Last |
Change |
%Chg |
Mkt Cap |
|
|
Price |
|
|
(Rs cr) |
Coal India |
Mining & Minerals |
301.35 |
-12.55 |
-4 |
190343.64 |
Hind Zinc |
Metals - Non Ferrous |
164 |
0.25 |
0.15 |
69295.23 |
Hindalco |
Aluminium |
68.25 |
-1.25 |
-1.8 |
13019.94 |
Jindal Steel |
Steel - Sponge Iron |
56.3 |
-0.5 |
-0.88 |
5150.91 |
JSW Steel |
Steel - Large |
1121 |
18.3 |
1.66 |
27097.04 |
NALCO |
Aluminium |
34 |
-0.1 |
-0.29 |
8762.61 |
NMDC |
Mining & Minerals |
93.25 |
0.3 |
0.32 |
36970.98 |
SAIL |
Steel - Large |
35.7 |
-0.55 |
-1.52 |
14745.98 |
Tata Steel |
Steel - Large |
252.5 |
-2.7 |
-1.06 |
24523.19 |
Vedanta |
Mining & Minerals |
72.7 |
-1.4 |
-1.89 |
19869.48 |