Stock market crash, April 7 -- Indian domestic metal stocks have emerged as the biggest casualties for the second straight session on Monday, April 7, as the intensifying trade war between the United States and China triggered concerns over demand for raw materials.
After plunging 6.56% in the previous session, the Nifty Metal index tumbled another 8.60% to the day's low, hitting a fresh 52-week low of 7,690 points.
Eight out of the 15 constituents in the index also touched their respective 52-week lows, including notable names such as NALCO, Adani Enterprises, NMDC, Tata Steel, Hindalco Industries, SAIL, and Hindustan Copper. Among the top losers, Lloyds Metals & Energy led the pack with a drop of over 13% as of 2:30 P.M., followed by ...
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