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Metal stocks end weak

March 9, 2010

Metal stocks had a weak trading day at the bourses with the BSE Metal Index posting losses of 1.56 percent to end as the top sectoral loser.

All stocks in the sectoral index, except Welspun Gujarat, closed in the red. Gujarat NRE Coke led the losers with a 4.4 percent fall.

Tata Steel ended down 1.3 percent while NALCO slipped nearly 2 percent.

Sterlite Industries fell over 1 percent on softer copper prices.

The Metal Index has gained over 5 percent this month while the Sensex has risen 3.8 percent in the same period.

Would you take advantage of this fall and invest in some metal stocks?

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