NEW DELHI: Metal shares were trading in the negative zone in Monday's morning session. Shares of Jindal Stainless (Hisar) (down 2.80 per cent), Welspun Corp (down 2.38 per cent), APL Apollo Tubes (down 2.30 per cent) and Hindustan Copper (down 2.22 per cent) were trading lower. NMDC (down 1.65 per cent), MOIL (down 0.98 per cent), Tata Steel (down 0.72 per cent) and Coal India (down 0.72 per cent) too were trading in the red.

The Nifty Metal index was trading flat at 2741.50 around 10:47 am.

Benchmark NSE Nifty50 index was down 71.15 points at 11,348.10 while the BSE Sensex was down 281.80 points at 38,055.21.

Among the 50 stocks in the Nifty index, 24 were trading in the green, while 25 were in the red.

Shares of YES Bank, Vodafone Idea, Dish TV India, Indian Oil Corp, L-T Fin Holding, Ashok Leyland, Tata Motors, Vedanta, IDFC First Bank and SAIL were among the most traded shares on the NSE.