Nifty Metal index ended down 1.22% at 3067.45 today. The index has gained 1.00% over last one month. Among the constituents, Vedanta Ltd shed 3.90%, Jindal Steel & Power Ltd fell 3.31% and Steel Authority of India Ltd dropped 2.07%. The Nifty Metal index has fallen 18.00% over last one year compared to the 11.32% increase in benchmark Nifty 50 index. In other indices, Nifty Energy index gained 0.83% and Nifty IT index has slid 0.78% on the day. In broad markets, the Nifty 50 witnessed a rise of 0.11% to close at 11596.7 while the SENSEX recorded a gain of 0.06% to close at 38607.01 today


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Nifty future is nothing but the index future where the underlying is the S&P CNX Nifty index. In India, index futures trading started in 2000 in NSE. For Nifty futures contracts, the permitted lot size is 50, and in multiples of 50. Like other futures contracts, Nifty future tips contracts also have a three-month trading cycle - the near-month, the next month and the far-month.

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