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

imageStock Markets2 hours ago (Feb 27, 2020 05:45AM ET)

(C) Reuters. India stocks lower at close of trade; Nifty 50 down 0.39% – India stocks were lower after the close on Thursday, as losses in the Real Estate, Public Sector Undertakings and Oil & Gas sectors led shares lower.

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

The best performers 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. Meanwhile, 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.

The worst performers of the session were Wipro Ltd (NS:WIPR), which fell 3.52% or 8.45 points to trade at 231.45 at the close. 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) was down 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.

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

Shares in Wipro Ltd (NS:WIPR) fell to 52-week lows; losing 3.52% or 8.45 to 231.45. Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) fell to 5-year lows; falling 3.03% or 2.90 to 92.90. Shares in Oil And Natural Gas Corporation Ltd (BO:ONGC) fell to 5-year lows; down 2.61% or 2.50 to 93.30. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) fell to 5-year lows; losing 2.01% or 10.10 to 493.40.

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

Gold Futures for April delivery was up 0.31% or 5.05 to $1648.15 a troy ounce. Elsewhere in commodities trading, 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.

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

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