Vedanta is currently trading at Rs. 81.70, down by 7.15 points or 8.05 % from its previous closing of Rs. 88.85 on the BSE. The scrip opened at Rs. 86.30 and has touched a high and low of Rs. 87.00 and Rs. 81.45 respectively. So far 2129042 shares were traded on the counter.
Jindal Steel & Power is currently trading at Rs. 83.70, down by 9.65 points or 10.34% from its previous closing of Rs. 93.35 on the BSE. The scrip opened at Rs. 90.55 and has touched a high and low of Rs. 91.85 and Rs. 83.30 respectively. So far 1747778 shares were traded on the counter.
Tata Steel is currently trading at Rs. 250.25, down by 18.25 points or 6.80% from its previous closing of Rs. 268.50 on the BSE. The scrip opened at Rs. 263.90 and has touched a high and low of Rs. 263.90 and Rs. 249.60 respectively. So far 1321826 shares were traded on the counter.
NMDC is currently trading at Rs. 88.20, down by 2.50 points or 2.76% from its previous closing of Rs. 90.70 on the BSE. The scrip opened at Rs. 90.60 and has touched a high and low of Rs. 90.60 and Rs. 88.05 respectively. So far 173048 shares were traded on the counter.
Metal and mining stocks came under selling pressure amid fears of slower growth in China, the world's second-largest economy. Fears of slower growth in China weighed on metal and mining stocks. Economic data this week showed that China's services sector grew at the weakest pace in 17 months in December. Another data showed that activity had slowed in the country's key factory sector. Another concern is of China's weakening currency. China's central bank again surprised markets on January 17. 2016 by setting onshore yuan's value lower to the US dollar, sending the domestic stock markets tumbling.
