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India stocks lower at close of trade; Nifty 50 down 0.37%

Published 06/01/2022, 06:45 AM
Updated 06/01/2022, 08:15 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.37%
NSEI
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NIFVIX
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APLH
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BAJA
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BJFS
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COAL
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HDFC
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JSTL
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KTKM
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MAHM
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NEST
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Power, Technology and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.37%, while the BSE Sensex 30 index declined 0.33%.

The best performers of the session on the Nifty 50 were JSW Steel Ltd (NS:JSTL), which rose 3.31% or 18.25 points to trade at 569.50 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 1.63% or 3.15 points to end at 196.05 and HDFC Life Insurance Company Ltd (NS:HDFL) was up 1.37% or 8.20 points to 607.15 in late trade.

The worst performers of the session were Bajaj Auto Ltd (NS:BAJA), which fell 3.73% or 144.00 points to trade at 3,720.10 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 3.53% or 140.30 points to end at 3,839.00 and Tech Mahindra Ltd (NS:TEML) was down 2.85% or 33.65 points to 1,146.60.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 1.32% to 1,047.50, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 0.94% to settle at 2,328.85 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 0.90% to close at 1,870.80.

The worst performers were Nestle India Ltd (BO:NEST) which was down 2.99% to 17,238.50 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 2.86% to settle at 1,147.05 and Bajaj Finserv Ltd (BO:BJFS) which was down 2.63% to 12,575.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1025 to 812 and 47 ended unchanged; on the Bombay Stock Exchange, 1798 rose and 1423 declined, while 125 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; up 1.32% or 13.60 to 1,047.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.79% to 20.84.

Gold Futures for August delivery was down 0.73% or 13.50 to $1,834.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.80% or 0.92 to hit $115.59 a barrel, while the August Brent oil contract rose 1.09% or 1.26 to trade at $116.86 a barrel.

USD/INR was down 0.13% to 77.53, while EUR/INR fell 0.25% to 83.05.

The US Dollar Index Futures was up 0.25% at 102.02.

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