Published On: Monday, May 23, 2022 | By: Team KnowMyStock
JSW Steel and Tata Steel were the worst hit stocks today as they plunged 13 per cent and 12 per cent, respectively. The sharp knock came after he government levied export duty on 11 iron and steel intermediates and key steel products. The government levied export duty of 15 per cent on almost all the major steel products (including stainless steel). READ MORE
That apart, Divis Labs, Hindalco, ONGC, Ultratech Cement, ITC, Adani Ports, UPl, Grasim, and HDFC Bank were the other laggards, down between 1 per cent and 10 per cent.
On the upside, Maruti Suzuki, M&M, HUL, L&T, Apollo Hospitals, Asian Paints, and Hero MotoCorp were the gainers, rising in the range of 1.5 per cent to 4 per cent.
In the broader market, the BSE MidCap index slipped 0.16 per cent, while the BSE SmallCap index shed 0.64 per cent. Sectorally, Nifty Metal Index cracked over 8 per cent, while the Nifty Auto added 2 per cent.
Follow Us On: