 "Metal stocks lose sheen as China growth weakens")
Shares of metal and mining companies are trading lower on concerns that sluggish economic growth in China, the world's largest consumer of metals, would result in a lower export demand going forward. CLICK FOR FULL REPORT
China revised its annual economic growth rate in 2014 to 7.3% from the previously released figure of 7.4%, according to the National Bureau of Statistics due to a slower services industry growth of 7.8% previous year, down from an initially reported 8.1%.
In the metal pack, Hindalco, NMDC, Tata Steel, JSPL, Hindustan Copper and JSW Steel were down between 0.5-3%. Meanwhile, at 12 PM, the BSE Metal index has dropped 1.2% and is quoting at 7031.59 levels.