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India stocks lower at close of trade; Nifty 50 down 0.13%

Published 03/24/2022, 06:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.13%
NSEI
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NIFVIX
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COAL
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REDY
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HDBK
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HALC
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KTKM
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TEML
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TITN
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ULTC
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BSESN
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BSEAUTO
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BSECD
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BSEBANK
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Investing.com – India stocks were lower after the close on Thursday, as losses in the Banking, Consumer Durables and Auto sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.13%, while the BSE Sensex 30 index lost 0.15%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 4.87% or 201.20 points to trade at 4,328.50 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 2.38% or 4.35 points to end at 187.40 and Hindalco Industries Ltd. (NS:HALC) was up 2.22% or 13.50 points to 621.95 in late trade.

The worst performers of the session were Kotak Mahindra Bank Ltd. (NS:KTKM), which fell 3.14% or 55.60 points to trade at 1,714.15 at the close. Titan Company Ltd (NS:TITN) declined 2.66% or 71.50 points to end at 2,618.50 and HDFC Bank Ltd (NS:HDBK) was down 2.47% or 36.60 points to 1,442.65.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 4.90% to 4,327.45, UltraTech Cement Ltd (BO:ULTC) which was up 1.77% to settle at 6,345.70 and Tech Mahindra Ltd (BO:TEML) which gained 1.75% to close at 1,568.85.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 3.09% to 1,713.40 in late trade, Titan Company Ltd (BO:TITN) which lost 2.63% to settle at 2,618.70 and HDFC Bank Ltd (BO:HDBK) which was down 2.23% to 1,442.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1097 to 721 and 37 ended unchanged; on the Bombay Stock Exchange, 1878 fell and 1401 advanced, while 117 ended unchanged.

Shares in Hindalco Industries Ltd. (NS:HALC) rose to all time highs; up 2.22% or 13.50 to 621.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.30% to 23.93.

Gold Futures for April delivery was up 0.41% or 7.85 to $1,945.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.10% or 0.12 to hit $114.81 a barrel, while the May Brent oil contract rose 0.20% or 0.24 to trade at $121.84 a barrel.

USD/INR was down 0.29% to 76.34, while EUR/INR fell 0.40% to 83.86.

The US Dollar Index Futures was up 0.18% at 98.80.

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