Metal sector crashes last week
Bangalore: With funds and investors pressing the panic button, metal index crashed eight percent to 15, 962 points on sensex and emerged as one of the top losers. Among the top losers, metal index was followed by auto and IT index, which slipped six and four percent, respectively. As on February 02, 2010, the value of total market capitalization for metal stocks is 
6,18,862.78 crore.
Major losers on the Sensex were Tata Steel, Hindalco, Sterlite, Wipro, Reliance Communications, Jaiprakash Associates, DLF and Hindustan Unilever declined between five and nine per cent during the week.
In the last few months, the resilient outlook of the metallurgical industry in India has attracted many foreign investments. With its performance, India has now become one of the largest metallurgical industries in the world. A credit for this can be given to the presence of several ferrous and non-ferrous metal industries in India and its massive deposits of iron ore and bauxite.
6,18,862.78 crore.
Major losers on the Sensex were Tata Steel, Hindalco, Sterlite, Wipro, Reliance Communications, Jaiprakash Associates, DLF and Hindustan Unilever declined between five and nine per cent during the week.
In the last few months, the resilient outlook of the metallurgical industry in India has attracted many foreign investments. With its performance, India has now become one of the largest metallurgical industries in the world. A credit for this can be given to the presence of several ferrous and non-ferrous metal industries in India and its massive deposits of iron ore and bauxite.