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

India stocks lower at close of trade; Nifty 50 down 0.19%

Published 03/31/2022, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.19%
NSEI
-
NIFVIX
-
AXBK
-
BRIT
-
DIVI
-
REDY
-
HLL
-
HALC
-
IOC
-
JSTL
-
MAHM
-
RELI
-
WIPR
-
BSESN
-
BSESHLIP
-
BSESITIP
-
BSEMET
-

Investing.com – India stocks were lower after the close on Thursday, as losses in the Healthcare, Metals and IT sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.19%, while the BSE Sensex 30 index declined 0.20%.

The best performers of the session on the Nifty 50 were JSW Steel Ltd (NS:JSTL), which rose 2.10% or 15.10 points to trade at 732.65 at the close. Meanwhile, Britannia Industries Ltd (NS:BRIT) added 1.92% or 60.60 points to end at 3,209.00 and Indian Oil Corporation Ltd (NS:IOC) was up 1.79% or 2.10 points to 119.30 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 5.05% or 30.30 points to trade at 569.50 at the close. Divi's Laboratories Ltd. (NS:DIVI) declined 3.01% or 136.55 points to end at 4,402.05 and Wipro Ltd (NS:WIPR) was down 1.48% or 8.90 points to 591.90.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 1.95% to 808.60, Hindustan Unilever Ltd. (BO:HLL) which was up 1.66% to settle at 2,048.85 and AXIS Bank Ltd. (BO:AXBK) which gained 1.39% to close at 760.65.

The worst performers were Reliance Industries Ltd (BO:RELI) which was down 1.46% to 2,633.95 in late trade, Wipro Ltd (BO:WIPR) which lost 1.44% to settle at 592.00 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 1.04% to 4,305.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1060 to 769 and 26 ended unchanged; on the Bombay Stock Exchange, 1839 fell and 1445 advanced, while 105 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.24% to 20.56 a new 1-month low.

Gold Futures for April delivery was down 0.46% or 8.80 to $1,924.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 6.09% or 6.57 to hit $101.25 a barrel, while the June Brent oil contract fell 5.36% or 5.97 to trade at $105.47 a barrel.

USD/INR was down 0.17% to 75.71, while EUR/INR fell 0.70% to 83.98.

The US Dollar Index Futures was up 0.44% at 98.31.

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.