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Nifty corrects. Metals lose out.

Nifty has seen a correction from yesterday’s good gains, which has led it back to the 5700 levels. Metals and Banking stocks have seen losses.

At 9:40 AM, the Nifty is at 5717, down by 11 pts or -0.2%.

Metal counters have seen cuts. Hindalco has seen a cut of 3.5%, which is trading at 188.70. Tata steel is down by 1.9% at 595. Jindal steel is down by 1.5%. SAIL has seen cut of 2.2%. Sterlite is down by 3.5%.

Ore companies have also not been spared. Sesagoa is down by over 4%. GujNRECoke is down by 1%.

Some of the banking stocks including SBI and ICICI bank have seen cuts of around 0.5%-1%.

Bharti Airtel, on the other hand is a gainer, with 2.8% rise. DLF is also trading in the green with 1.3% gains. Tata motors has gained 1% to trade at 1067.



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