Metal stocks lead fall

Whenever there is a problem in China, it is the metal index which first takes a beating as lower consumption there impacts this sector immediately. With the fear of coronavirus getting much bigger with more cases now being detected outside of China, there is growing concern that global economic growth could get hit.

The metal fall on the BSE is led by Jindal Steel, Hindalco, JSW Steel, Tata Steel, SAIL, VEDL, Nalco, Coal India, NMDC, Hind Zinc.

Jindal Steel is among the top five losers on the BSE, currently down over 5% at Rs.183 and Hindalco is also down 5% at Rs.180 levels.