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India stocks lower at close of trade; Nifty 50 down 0.27%

Published 02/25/2020, 05:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.27%
NSEI
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Investing.com – India stocks were lower after the close on Tuesday, as losses in the Oil & Gas, Healthcare and Consumer Durables sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.27%, while the BSE Sensex 30 index declined 0.20%.

The best performers of the session on the Nifty 50 were Tata Consultancy Services Ltd. (NS:TCS), which rose 2.25% or 47.65 points to trade at 2163.00 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 1.60% or 4.15 points to end at 263.10 and Tata Steel Ltd (NS:TISC) was up 1.53% or 6.35 points to 421.80 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:REDY), which fell 2.67% or 84.80 points to trade at 3091.50 at the close. Hindalco Industries Ltd. (NS:HALC) declined 2.60% or 4.65 points to end at 174.40 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was down 2.60% or 10.35 points to 387.50.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 1.98% to 2158.30, Tata Steel Ltd (BO:TISC) which was up 1.44% to settle at 421.35 and Bharti Airtel Ltd (BO:BRTI) which gained 1.22% to close at 536.25.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.37% to 388.60 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 2.10% to settle at 582.65 and Reliance Industries Ltd (BO:RELI) which was down 1.98% to 1416.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 931 to 592 and 102 ended unchanged; on the Bombay Stock Exchange, 1402 fell and 925 advanced, while 167 ended unchanged.

Shares in Hindalco Industries Ltd. (NS:HALC) fell to 3-years lows; falling 2.60% or 4.65 to 174.40.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.59% to 16.8975.

Gold Futures for April delivery was down 1.15% or 19.25 to $1657.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.52% or 0.27 to hit $51.16 a barrel, while the May Brent oil contract fell 0.39% or 0.22 to trade at $55.55 a barrel.

USD/INR was down 0.04% to 71.891, while EUR/INR fell 0.16% to 77.9195.

The US Dollar Index Futures was down 0.08% at 99.207.

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