Vedanta Resources tumbles on poor output

Shares of India-focussed miner Vedanta Resources on Tuesday fell over five per cent on the London Stock Exchange after the company said a mining ban in Karnataka pulled down its annual iron ore output. Shares of Vedanta fell as much as 5.10 per cent to trade at 1,172 a pence on the London Stock Exchange. The counter saw 773,679 shares exchanging hands on the bourse. Besides, Vedanta Group's two firms — Sesa Goa and Sterlite Industries — dropped on Indian stock exchange amid a flat market.