Nifty Metal Index Declines 2.12% Amid Broader Market Weakness
Quick Wrap: Nifty Metal Index falls 2.12%
Business Standard
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The Nifty Metal Index fell by 2.12% to close at 12,833.05, despite a 15.00% gain over the past month. Key contributors to the decline included National Aluminium Company Ltd, Vedanta Ltd, and Hindustan Copper Ltd. In contrast, the benchmark Nifty 50 index dropped 0.74%.
- 01Nifty Metal Index closed down 2.12% at 12,833.05.
- 02The index has gained 15.00% over the last month.
- 03National Aluminium Company Ltd saw the largest drop at 7.85%.
- 04The benchmark Nifty 50 index fell by 0.74% today.
- 05The Nifty Metal Index has surged 50.00% over the past year.
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The Nifty Metal Index experienced a decline of 2.12%, closing at 12,833.05. Despite this drop, the index has shown impressive growth of 15.00% over the past month and a substantial 50.00% increase over the last year. Major contributors to today's decline included National Aluminium Company Ltd, which fell by 7.85%, Vedanta Ltd, down 6.20%, and Hindustan Copper Ltd, which slipped 3.67%. In the broader market, the Nifty 50 index decreased by 0.74% to close at 23,997.55, while the SENSEX fell 0.75% to 76,913.5. The Nifty PSU Bank and Nifty Realty indices also saw declines of 1.68% and 1.50%, respectively.
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The decline in the Nifty Metal Index may affect investor sentiment and could lead to fluctuations in stock prices for companies within the metal sector.
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