Metal Shares Fall After Weak Chinese Trade Data

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Shares of metal companies fell after weak Chinese trade data. Chinese imports fell the most in eight months in November 2014. China is the world's largest consumer of copper, steel and aluminum.

Jindal Steel & Power was down 2.65 per cent, Sesa Sterlite lower by down 3.21 per cent , JSW Steel (down 1.38per cent, Hindalco Industries down 2.51 per cent, and Tata Steel edged lower by 1.97 per cent.

Metal Shares Fall After Weak Chinese Trade Data

As per the data, imports fell 6.7 per cent in terms of value from last year while exports grew 4.7 per cent.

At 2.40 PM IST, BSE Sensex was at 28143, down by 314 points, while the NSE Nifty was at 8454 down by 83 points.

GoodReturns.in

Read more about: jindal steel
Story first published: Monday, December 8, 2014, 14:56 [IST]
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