Hindalco Industries, JSL, Sterlite Industries, Tata Steel, JSW Steel, Steel Authority of India, Ispat Industries, Sesa Goa, Jindal Steel & Power, Welspun Gujarat Stahl Rohren, Maharashtra Seamless, National Aluminum Company and Bhushan Steel soared high.

National Aluminium Company, Welspun Gujarat Stahl Rohren, Sterlite Industries, Hindalco Industries, JSW Steel, Sesa Goa, Jindal Steel & Power, JSL and Steel Authority of India dipped down.

Although, the broader market did witness some action, the bulls remained languid after a two-week rally.

JSL presently trades at Rs.83.10 on each share, which is high with 0.25 points on the Sensex.

The markets got tremendously unstable before settlement of June series at 11:33 hours IST.

The Sensex Metal index was low 2.92% at 14:24 IST. It did not do well on the Sensex which was low 2.52%.

The biggest stainless steel manufacturer in the country, Jindal Stainless is facing a challenge in buying back its $24 million Foreign Currency Convertible Bonds that are set for repayment in the coming December of this year.

The nation’s biggest stainless steel manufacturer, Jindal Stainless has turned down to sign a long-term agreement with international rail wagon-manufacturer Bombardier for providing high-grade alloy, quoting instability in nickel costs.

Jindal Stainless (JSL) presently trades at Rs 39.30, up by 1.25 points or 3.29% from its previous closing of Rs 38.05 on the BSE.