D-Street Buzz: Nifty Metal falls 2% dragged by JSPL, SAIL; ONGC falls 4%, HUL gains

The breadth of the market favoured the declines with 566 stocks advancing and 1093 declining while 411 remained unchanged. On the BSE, 844 stocks advanced, 1488 declined and 149 remained unchanged.

The Indian benchmark indices continues to trade flat with the Nifty50 down 4 points, trading at 10,522 while the Sensex is up 9 points at 34,989.

Nifty metal is down over 2.5 percent dragged by JPSL which tanked 6 percent followed by Coal India, SAIL, Tata Steel, NALCO, Hindalco Industries, Vedanta and Welspun Corp.

Nifty Energy shed half a percent with loses from GAIL India and ONGC.

Pharma stocks are also down dragged by Piramal Enterprises, Cadila Healthcare, Sun Pharma and Divis Labs.

The top gainers from NSE include Asian Paints, Hindustan Unilever, Bharti Airtel, HPCL and BPCL.

The top losers included YES Bank, ONGC, Vedanta, Tata Steel and Coal India.

The most active stocks were YES Bank, Infosys, Reliance Industries, HDFC Bank and TCS.

Electrosteel Steels and Vindhya Telelinks are some of the few stocks which hit new 52-week high on the NSE.

64 stocks have hit new 52-week low including names like ABG Shipyard, Amtek Auto, Coal India, Hexaware Technologies, IL&FS Investment Managers, NTPC, Prabhat Dairy, SAIL, Amtek Auto, Andhra Cements, Coal India, Mahindra Lifespace and Vedanta among others.

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