In the ongoing carnage on Dalal Street, metal index is almost routed out. The BSE Metal Index is currently down over 475 points or down over 3.5%. All the 10 stocks tracked in this index are trading in the red. Tata Steel, Jindal Steel, Tata Steel PP is in fact the top loser on the BSE. SAIL, JSW Steel, Vedanta, Hindalco, NMDC, Nalco, Hind Zinc and Coal India; all are in the deep red.
The metal index slumps every time global uncertainty increases. And yesterday, with the tanking of the US markets, fear factor or volatility surging, all being blamed on the escalating situation of the trade war, the markets all around the world have tumbled.