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Metals stocks struggle in trade

June 18, 2010

Metal counters ended the week on a negative note with the sectoral index slipping 1.18 percent, the worst among all sectors.

Sterlite Industries fell 2.3 percent, as Shanghai copper fell more than 1 percent, following a 3.1-percent tumble in London prices.

Hindustan Zinc was the top sectoral loser with a fall of 3.3 percent. Only two stocks in the index managed to close in the green.

Hindalco and Tata Steel dropped 0.7 percent and 1.6 percent respectively.

The metal index is down more than 2 percent this month, underperforming the Sensex which has gained 3.7 percent.

Would you take advantage of the fall and invest in this space?

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