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Metals slide in weak market

May 11, 2010

Metal stocks felt the heat on Tuesday after surging in the previous session, pulling the BSE Metals Index down 2.57 percent as copper prices dropped in London on euro zone worries.

The longer-term demand outlook in Europe and China also weighed on metal stocks and the sectoral index closed as the worst performer.

The worst hit in the index was Jindal Saw, which fell 4.2 percent. Sterlite Industries fell 2.94 percent while Hindalco ended down 3.2 percent.

Only NALCO managed to close in the green.

The index has lost 4.5 percent since mid-March. Would you take advantage of this fall to gain exposure to these stocks?

Metals slide in weak market
Metal stocks felt the heat on Tuesday after surging in the previous session, pulling the BSE Metals Index down 2.57 percent as copper prices dropped in London on euro zone worries.
The longer-term demand outlook in Europe and China also weighed on metal stocks and the sectoral index closed as the worst performer.
The worst hit in the index was Jindal Saw, which fell 4.2 percent. Sterlite Industries fell 2.94 percent while Hindalco ended down 3.2 percent.
Only NALCO managed to close in the green.
The index has lost 4.5 percent since mid-March. Would you take advantage of this fall to gain exposure to these stocks?

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