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India shares lower at close of trade; Nifty 50 down 0.42%

Published 2023-02-27, 05:45 a/m
©  Reuters India shares lower at close of trade; Nifty 50 down 0.42%

Investing.com – India equities were lower at the close on Monday, as losses in the Technology, IT and Auto sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.42% to hit a new 3-month low, while the BSE Sensex 30 index lost 0.30%.

The biggest gainers of the session on the Nifty 50 were ICICI Bank Ltd (NS:ICBK), which rose 1.99% or 16.70 points to trade at 856.40 at the close. Power Grid Corporation of India Ltd (NS:PGRD) added 1.93% or 4.15 points to end at 219.20 and Kotak Mahindra Bank Ltd. (NS:KTKM) was up 1.69% or 28.65 points to 1,725.95 in late trade.

Biggest losers included Adani Enterprises Ltd (NS:ADEL), which lost 9.28% or 122.15 points to trade at 1,193.50 in late trade. Bajaj Auto Ltd (NS:BAJA) declined 5.32% or 205.00 points to end at 3,644.95 and UPL Ltd (NS:UPLL) shed 4.06% or 30.00 points to 708.30.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.02% to 219.35, ICICI Bank Ltd (BO:ICBK) which was up 1.99% to settle at 856.40 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 1.69% to close at 1,725.95.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 3.37% to 106.10 in late trade, Infosys Ltd (BO:INFY) which lost 2.71% to settle at 1,509.40 and Tata Consultancy Services Ltd. (BO:TCS) which was down 2.01% to 3,331.85 at the close.

Declining stocks outnumbered rising ones by 1537 to 423 and 37 ended unchanged; on the Bombay Stock Exchange, 2500 fell and 919 advanced, while 182 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.19% to 13.88.

In commodities trading, Gold Futures for April delivery was down 0.06% or 1.05 to $1,816.05 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.20% or 0.15 to hit $76.17 a barrel, while the May Brent oil contract fell 0.29% or 0.24 to trade at $82.58 a barrel.

USD/INR was down 0.09% to 82.83, while EUR/INR rose 0.06% to 87.47.

The US Dollar Index Futures was down 0.09% at 105.06.

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