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Sensex, Nifty end down as metal stocks drag
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New Delhi, Dec. 3 -- India's benchmark equity indices closed lower on Tuesday dragged down by metal stocks after US President Donald Trump slapped tariffs on steel and aluminum imports from Brazil and Argentina, stoking fresh concerns over global trade.
BSE Sensex fell 126.72 points or 0.31% to close at 40,675.45. The Nifty 50 index ended at 11,994.20, down 54 points or 0.45%.
The BSE Metal Index fell 2.67% after Trump slapped tariffs on steel and aluminum imports from Brazil and Argentina. Jindal Steel, Tata Steel, Steel Authority of India, JSW Steel Ltd, Vedanta Ltd, Hindalco Industries, Hindustan Zinc and National Aluminium ended 1-6% lower.
Bharti Airtel shares fell nearly 3% to Rs.445.50 after Moody's said AGR dues are credit nega...
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