The Indian equity markets displayed a robust performance on May 21, with key benchmark indices closing firmly in the green. The BSE Sensex surged by 410.19 points, a 0.51% increase, closing at 81,596.63. Meanwhile, the Nifty 50 rose by 129.55 points, or 0.52%, settling at 24,813.45, reflecting positive investor sentiment.
Despite the overall market rally, some prominent stocks from the Nifty 50 index ended the day in the red. Among the biggest losers of the day were well-known names like IndusInd Bank, JSW Steel and Kotak Mahindra Bank. Let’s take a closer look at the top losers of the Nifty 50, according to Trendlyne.
Nifty 50 top losers on May 21
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IndusInd Bank closed at Rs 770.0, down 1.6%.
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JSW Steel ended at Rs 1000.9, down 1.2%.
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Kotak Mahindra Bank closed at Rs 2071.3, down 0.9%.
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Coal India finished at Rs 405.4, down 0.7%.
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Grasim Industries ended at Rs 2703.0, down 0.7%.
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Power Grid Corporation closed at Rs 296.2, down 0.6%.
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ITC ended at Rs 433.0, down 0.4%.
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UltraTech Cement finished at Rs 11666.0, down 0.3%.
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Oil and Natural Gas closed at Rs 248.7, down 0.2%.
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Maruti Suzuki India ended at Rs 12615.0, down 0.2%.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
