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Metal stocks drop 2%; Hindalco, Nalco slip over 8%

The US has extended the sanction deadline from June 5 to October 23, reducing the near-term impact of the sanctions.
Metal stocks dropped over 2% after the Trump administration has signaled it could ease sanctions against Russian aluminium producer Rusal. The US has extended the sanction deadline from June 5 to October 23, reducing the near-term impact of the sanctions. NALCO and Hindalco fell over 8%.

London Metal Exchange (LME), slipped 3% on Monday after fall in aluminium prices.

National Aluminium Company Ltd is currently trading at Rs77.80 down by Rs7.1 or 8.36% from its previous closing of Rs84.90 on the BSE.

Vedanta Ltd is currently trading at Rs295.55 down by Rs9.45 or 3.1% from its previous closing of Rs305 on the BSE.

Hindustan Copper Ltd is currently trading at Rs75 down by Rs1.6 or 2.09% from its previous closing of Rs76.60 on the BSE.

Tata Steel Ltd is currently trading at Rs596.60 down by Rs9.1 or 1.5% from its previous closing of Rs605.70 on the BSE.

Jindal Steel & Power Ltd is currently trading at Rs246.45 down by Rs3.3 or 1.32% from its previous closing of Rs249.75 on the BSE.

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