Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

India stocks lower at close of trade; Nifty 50 down 3.76%

Stock MarketsFeb 26, 2021 05:45AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. India stocks lower at close of trade; Nifty 50 down 3.76%

Investing.com – India stocks were lower after the close on Friday, as losses in the Banking, Oil & Gas and Carbon sectors led shares lower.

At the close in NSE, the Nifty 50 lost 3.76%, while the BSE Sensex 30 index declined 3.80%.

The best performers of the session on the Nifty 50 were Nestle India Ltd (NS:NEST), which fell 0.08% or 12.30 points to trade at 16101.60 at the close. Meanwhile, SBI Life Insurance Company Ltd (NS:SBIL) fell 0.63% or 5.50 points to end at 866.90 and NTPC Ltd (NS:NTPC) was down 0.65% or 0.70 points to 107.30 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 6.76% or 8.05 points to trade at 111.00 at the close. JSW Steel Ltd (NS:JSTL) declined 6.24% or 26.30 points to end at 395.45 and Hero MotoCorp Ltd (NS:HROM) was down 6.13% or 210.40 points to 3224.00.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which fell 0.10% to 16097.70, NTPC Ltd (BO:NTPC) which was down 0.69% to settle at 107.20 and Maruti Suzuki India Ltd. (BO:MRTI) which lost 0.79% to close at 6872.65.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 6.60% to 111.15 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 6.35% to settle at 804.85 and AXIS Bank Ltd. (BO:AXBK) which was down 5.98% to 724.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1153 to 499 and 64 ended unchanged; on the Bombay Stock Exchange, 1775 fell and 1032 advanced, while 174 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 22.93% to 28.1425 a new 6-months high.

Gold Futures for April delivery was down 0.57% or 10.20 to $1765.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.57% or 0.36 to hit $63.17 a barrel, while the May Brent oil contract fell 0.61% or 0.40 to trade at $65.71 a barrel.

USD/INR was up 1.32% to 73.697, while EUR/INR rose 0.92% to 89.3760.

The US Dollar Index Futures was up 0.47% at 90.560.

India stocks lower at close of trade; Nifty 50 down 3.76%
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email