Metal sector stocks traded with a mixed bias during the morning session on the Indian stock market on Tuesday, with selective buying seen in a few counters while most major metal stocks remained under pressure. As of 10:33 AM, prices across steel, aluminium, mining, and alloy companies reflected cautious sentiment amid broader market weakness.
Shares of APL Apollo Tubes showed marginal gains, trading at ₹1,930.10 on the BSE, up 0.60%, while the NSE price stood at ₹1,926.10, higher by 0.33%. Vedanta also traded in positive territory, rising 0.63% on the BSE to ₹679.10 and 0.58% on the NSE at ₹678.70, providing limited support to the sector.
Coal and aluminium-linked stocks witnessed selling pressure. Coal India declined 1.40% on the BSE to ₹423.80, while on the NSE it slipped 1.74% to ₹422.65. NALCO recorded sharper losses, falling nearly 2% on both exchanges, with the NSE price at ₹361.10.
Among steel majors, performance remained subdued. Tata Steel traded lower by over 1%, quoting ₹185.95 on the BSE and ₹186.00 on the NSE. JSW Steel and SAIL also hovered in negative territory, reflecting weak intraday momentum. Jindal Steel & Power slipped around 0.5% on both exchanges.
Mining and alloy stocks saw deeper cuts in select names. Maithan Alloys emerged as one of the top laggards, declining over 3.5% on the BSE and close to 4% on the NSE. NMDC traded lower by more than 1.5% on the NSE, while Hindustan Zinc displayed a mixed trend across exchanges.
The broader market context also remained cautious, with NIFTY 50 trading 0.39% lower at 25,485.70, and S&P BSE Sensex down 0.31% at 82,989.09, influencing sentiment across cyclical sectors including metals.
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