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India shares lower at close of trade; Nifty 50 down 0.39%

Published 2020-02-27, 05:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.39%
NSEI
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NIFVIX
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AXBK
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BRIT
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HCLT
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JSTL
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MAHM
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ONGC
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SUN
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TITN
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WIPR
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BSESN
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BSEOIL
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BSEREAL
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BSEPSU
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Investing.com – India equities were lower at the close on Thursday, as losses in the Real Estate, Public Sector Undertakings and Oil & Gas sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.39% to hit a new 3-month low, while the BSE Sensex 30 index declined 0.36%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 3.55% or 13.30 points to trade at 388.00 at the close. Britannia Industries Ltd (NS:BRIT) added 1.93% or 58.60 points to end at 3099.95 and Titan Company Ltd (NS:TITN) was up 1.86% or 23.40 points to 1278.50 in late trade.

Biggest losers included Wipro Ltd (NS:WIPR), which lost 3.52% or 8.45 points to trade at 231.45 in late trade. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 3.03% or 2.90 points to end at 92.90 and JSW Steel Ltd (NS:JSTL) shed 3.03% or 7.90 points to 252.90.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 3.68% to 388.40, Titan Company Ltd (BO:TITN) which was up 1.87% to settle at 1279.05 and AXIS Bank Ltd. (BO:AXBK) which gained 1.17% to close at 738.30.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 2.61% to 93.30 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 2.25% to settle at 570.85 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.01% to 493.40 at the close.

Declining stocks outnumbered rising ones by 1040 to 480 and 90 ended unchanged; on the Bombay Stock Exchange, 1495 fell and 810 advanced, while 155 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.71% to 17.7650.

In commodities trading, Gold Futures for April delivery was up 0.31% or 5.05 to $1648.15 a troy ounce. Meanwhile, Crude oil for delivery in April fell 1.85% or 0.90 to hit $47.83 a barrel, while the May Brent oil contract fell 1.78% or 0.94 to trade at $51.87 a barrel.

USD/INR was up 0.05% to 71.615, while EUR/INR rose 0.64% to 78.3650.

The US Dollar Index Futures was down 0.24% at 98.698.

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