Metal Stocks Plunge On Slump In Global Metal Prices

Metal stocks plunged in morning trade on Wednesday, triggered by a slump in global metal prices, after official data revealed a decline in China's industrial output in October. 
The Nifty Metal index was trading 2.03 per cent down at 3,696, with shares of Jindal Steel & Power (down 3.79 per cent), VedantaBSE -2.65 % (down 2.90 per cent), Hindalco IndustriesBSE -2.95 % (down 2.85 per cent), Hindustan CopperBSE -3.50 % (down 2.73 per cent), NMDCBSE -2.19 % (down 2.47 per cent) and Hindustan ZincBSE -2.21 % (down 2.45 per cent) as the top losers. 
Shares of MOILBSE 2.80 % (up 3.65 per cent) and APL Apollo TubesBSE 0.26 % (up 0.21 per cent) were trading up in the Nifty Metal index around that time. 
Benchmark NSE Nifty50 index was 20 points down at 10,166, while the BSE Sensex was 54 points down at 32,888. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774