Authors: JordanNEW DELHI: Losses in Vedanta (down 1.41 per cent), SAIL (1.30 per cent), NMDC (1.17 per cent) and Coal India (0.66 per cent) pushed the Nifty Metal index into the red on Thursday.The sectoral index was trading 0.42 per cent down at 3,630 around 11:45 am.Hindustan Copper (down 0.64 per cent), Hindustan Zinc (0.60 per cent), Tata Steel (0.08 per cent) and Jindal Stainless (Hisar) (0.03 per cent) turned slightly lower too.However, Nalco (up 0.82 per cent), Hindalco Industries (0.66 per cent), APL Apollo Tubes (0.12 per cent), MOIL (0.08 per cent) and JSW Steel (0.06 per cent) traded with small gains.Benchmarks Sensex and Nifty fell on weak Asian cues, hemmed in by tariff tension ahead of trade talks between the US and China.
Traders took profit tracking a subdued trend in Asia.
There were overnight losses on Wall Street after the US Federal Reserve kept its benchmark interest rate unchanged at 1.5-1.75 per cent.The NSE Nifty50 barometer was down 56 points at 10,662 while the BSE Sensex took a hit of 121 points at 35,056.Of the Nifty's 50 stocks, 14 looked up and 36 trended down.
HCL Tech plunged 7 per cent on the Nifty index, the top loser of the pack.