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Metal stocks fall ahead of Supreme Court's ruling on coal allocation

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Reuters

Reuters Market Eye - Metal shares fall ahead of the Supreme Court's ruling on 218 coal blocks allocated by the government since 1993.

Hindalco Industries is down 2 percent while Jindal steel and Power falls 1.9 percent.

JSW Steel drops 1.2 percent, while Hindustan Zinc falls 1.4 percent.

The judgement expected at 2 p.m. The court last month declared allocations since 1993 illegal.

(Reporting by Abhishek Vishnoi)

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First Published: Sep 24 2014 | 10:00 AM IST

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