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India stocks lower at close of trade; Nifty 50 down 0.28%

Published 01/05/2023, 05:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.28%

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

At the close in NSE, the Nifty 50 lost 0.28%, while the BSE Sensex 30 index fell 0.50%.

The best performers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 2.14% or 57.85 points to trade at 2,767.15 at the close. Meanwhile, Bajaj Auto Ltd (NS:BAJA) added 2.12% or 75.15 points to end at 3,628.00 and Cipla Ltd. (NS:CIPL) was up 2.01% or 21.45 points to 1,088.35 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 7.17% or 470.95 points to trade at 6,100.05 at the close. Bajaj Finserv Ltd (NS:BJFS) declined 5.10% or 79.00 points to end at 1,468.85 and ICICI Bank Ltd (NS:ICBK) was down 2.22% or 19.95 points to 879.15.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 1.91% to 333.35, NTPC Ltd (BO:NTPC) which was up 1.77% to settle at 169.50 and Hindustan Unilever Ltd. (BO:HLL) which gained 1.75% to close at 2,581.30.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 7.21% to 6,099.85 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 5.10% to settle at 1,468.55 and ICICI Bank Ltd (BO:ICBK) which was down 2.22% to 879.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1014 to 880 and 69 ended unchanged; on the Bombay Stock Exchange, 1707 fell and 1634 advanced, while 148 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.41% to 14.98.

Gold Futures for February delivery was down 0.19% or 3.45 to $1,855.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.62% or 1.91 to hit $74.75 a barrel, while the March Brent oil contract rose 2.49% or 1.94 to trade at $79.78 a barrel.

USD/INR was down 0.18% to 82.49, while EUR/INR fell 0.01% to 87.58.

The US Dollar Index Futures was down 0.03% at 103.99.

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