Wednesday, 10 June 2015
Ø Metal and mining stocks declined after China's imports tumbled at a greater pace in May, stoking concerns over a slowdown in the world's second largest economy. China is the world's largest consumer of steel, copper and aluminum. Vedanta (down 2.95%), JSW Steel (down 0.92%), Tata Steel (down 2.81%), Steel Authority of India (Sail) (down 1.25%), National Aluminium Company (down 4.26%), Hindustan Zinc (down 0.62%), Hindalco Industries (down 1.92%) and Jindal Steel & Power (down 3.09%) edged lower. Hindustan Copper (up 6.01%) and NMDC (up 0.79%) rose.
Ø Sun TV Network lost 21.76%. With reference to the media reports captioned "MHA denies clearance to Sun TV channels, may go off air", Sun TV Network during market hours today, 8 June 2015, clarified that no communication has been received by the company in this regard from any ministry and all the company's channels continue to be on air. The stock price fell sharply after media reports indicated that the Ministry of Home Affairs has struck down the proposal by the Information and Broadcasting Ministry for giving security clearance to company's 33 television channels.