Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
The Nifty Metal index is currently trading below the neckline of 3450 along with 100-day exponential moving average (EMA) at 3345.
JSPL, SAIL, Hindalco Industries, Vedanta, NMDC, JSW Steel, National Aluminum, Coal India and Tata Steel from the Nifty Metal index were down in the range of 3% to 6% on the NSE.
Tata Steel, Vedanta, JSW Steel, Jindal Steel & Power, SAIL, NMDC, NMDC and Jindal Stainless (Hisar) were down in the range of 2% to 4% on the NSE.
The Nifty Metal index that hit a 52-week low 3,116.8 in intra-day deals on Wednesday, recovered marginally to end 3.15 per cent lower at 3,121 levels
Vedanta, Jindal Steel & Power, Hindalco Industries, SAIL, NMDC and Hindustan Copper were down 2% to 4% on the NSE.