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India shares lower at close of trade; Nifty 50 down 2.04%

Published 2021-02-22, 05:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 2.04%
NSEI
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NIFVIX
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REDY
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EICH
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HDBK
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HALC
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JSTL
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KTKM
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MAHM
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APSE
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ONGC
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TEML
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BSESN
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BSESITIP
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BSEREAL
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BSETECK
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Investing.com – India equities were lower at the close on Monday, as losses in the Real Estate, IT and Technology sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 2.04%, while the BSE Sensex 30 index fell 2.25%.

The biggest gainers of the session on the Nifty 50 were JSW Steel Ltd (NS:JSTL), which rose 2.87% or 11.35 points to trade at 407.00 at the close. Adani Port and Special Economic Zone Ltd (NS:APSE) added 2.83% or 18.50 points to end at 672.00 and Hindalco Industries Ltd. (NS:HALC) was up 2.14% or 6.60 points to 314.60 in late trade.

Biggest losers included Eicher Motors Ltd. (NS:EICH), which lost 5.18% or 133.90 points to trade at 2450.75 in late trade. Tech Mahindra Ltd (NS:TEML) declined 4.68% or 46.55 points to end at 947.40 and Mahindra & Mahindra Ltd. (NS:MAHM) shed 4.67% or 41.05 points to 838.20.

The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 1.14% to 106.30, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 0.23% to settle at 1941.75 and HDFC Bank Ltd (BO:HDBK) which gained 0.19% to close at 1541.80.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 4.85% to 946.00 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 4.28% to settle at 838.90 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 4.21% to 4487.85 at the close.

Declining stocks outnumbered rising ones by 1216 to 465 and 41 ended unchanged; on the Bombay Stock Exchange, 1899 fell and 1011 advanced, while 147 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 14.47% to 25.4700 a new 6-month high.

In commodities trading, Gold Futures for April delivery was up 1.04% or 18.45 to $1795.85 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.69% or 0.41 to hit $59.67 a barrel, while the May Brent oil contract rose 0.76% or 0.47 to trade at $62.61 a barrel.

USD/INR was down 0.12% to 72.461, while EUR/INR rose 0.01% to 87.9165.

The US Dollar Index Futures was down 0.08% at 90.293.

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