Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

India shares lower at close of trade; Nifty 50 down 0.68%

Published 17/02/2021, 10:45
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.68%
NSEI
-
NIFVIX
-
ASPN
-
BJFS
-
HROM
-
APSE
-
NTPC
-
PGRD
-
SBI
-
NEST
-
BSESN
-
BSESHLIP
-
BSESITIP
-
BSEBANK
-

Investing.com – India equities were lower at the close on Wednesday, as losses in the Healthcare, IT and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.68%, while the BSE Sensex 30 index lost 0.77%.

The biggest gainers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 3.54% or 122.45 points to trade at 3584.00 at the close. Adani Port and Special Economic Zone Ltd (NS:APSE) added 3.02% or 19.20 points to end at 655.75 and State Bank Of India (NS:SBI) was up 2.34% or 9.40 points to 411.75 in late trade.

Biggest losers included Nestle India Ltd (NS:NEST), which lost 2.76% or 476.05 points to trade at 16741.20 in late trade. Bajaj Finserv Ltd (NS:BJFS) declined 2.54% or 265.60 points to end at 10195.00 and Asian Paints Ltd. (NS:ASPN) shed 2.53% or 62.10 points to 2388.15.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 2.78% to 413.50, Power Grid Corporation of India Ltd (BO:PGRD) which was up 2.02% to settle at 230.00 and NTPC Ltd (BO:NTPC) which gained 1.12% to close at 99.15.

The worst performers were Nestle India Ltd (BO:NEST) which was down 2.88% to 16726.05 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 2.56% to settle at 10190.05 and Asian Paints Ltd. (BO:ASPN) which was down 2.53% to 2387.90 at the close.

Declining stocks outnumbered rising ones by 822 to 810 and 71 ended unchanged; on the Bombay Stock Exchange, 1461 rose and 1393 declined, while 136 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.26% to 21.5050.

In commodities trading, Gold Futures for April delivery was down 0.63% or 11.35 to $1787.65 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.80% or 0.48 to hit $60.53 a barrel, while the April Brent oil contract rose 0.99% or 0.63 to trade at $63.98 a barrel.

USD/INR was down 0.13% to 72.767, while EUR/INR fell 0.45% to 87.8010.

The US Dollar Index Futures was up 0.34% at 90.808.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.