Molten Metal In The Global Slowdown Jitters

Jindal Steel & Power (down 5%), Sterlite Industries (down 4.01%), JSW Steel (down 3.90%), Tata Steel (down 3.69%), Hindalco Industries. (down 3.66%), Jindal Saw (down 3.65%), Sesa Goa (down 3.53%), Welspun Corp (down 3.33%), National Aluminium Company (down 3.12%), Bhushan Steel (down 2.55%), NMDC (down 2.48%), Sail (down 2.27%) and Hindustan Zinc (down 2.21%), edged lower NRI Pan Card.

BSE Metal Index fell 3.26% 11,905.26. And ‘weaker Sensex, which fell 2.19% to 16,496.79.

BSE Metal index outperformed the market in recent months, 9 September 2011, gaining 0.37% compared to Sensex increase of 0.05%. The index was weaker than the market in recent quarters, which are 17.93% compared to Sensex down 8.26% NRI demat account.

Investors expect the slowdown in demand for metals in the middle of the ongoing debt crisis in the euro area, and is probably due to the slowing U.S. economy, the largest in the world.


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