JSW Steel, Tata Steel and Vedanta contribute most to the BSE Metal Index fall!

BSE Metal Index is down by more than 4 per cent on intraday basis and is the worst performing sectorial index followed by BSE Power Index.

Heavy profit booking in markets has pushed Sensex down by nearly 500 points even as all the sectorial indices are trading in red.

BSE Metal Index is down by more than 4 per cent on intraday basis and is the worst performing sectorial index followed by BSE Power Index.BSE Power Index is dragged down by the performance of Adani Trio i.e Adani power, Adani Transmission and Adani Green which are down by nearly 5 per cent and locked in lower circuit each.

BSE Metal Index is dragged by the heavyweights such as JSW Steel, Tata Steel and Vedanta which are down by 5.6 per cent, 4.44 per cent and 6.85 per cent respectively. None of the constituents of the BSE Metal Index is trading in green. Jindal Steel is the top loser in the BSE Metal Index, down by nearly 7 per cent. BSE Metal Index has been the king of the sectorial indices on bourses. The index has gained nearly 51 per cent on YTD basis while in one year the index is up by more than 143 per cent.