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

India stocks lower at close of trade; Nifty 50 down 0.44%

Published 06/17/2022, 06:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.44%
NSEI
-
NIFVIX
-
BJFN
-
BJFS
-
REDY
-
ICBK
-
JSTL
-
SHCM
-
TITN
-
WIPR
-
BSESN
-
BSECD
-
BSESHLIP
-
BSEOIL
-

Investing.com – India stocks were lower after the close on Friday, as losses in the Oil & Gas, Consumer Durables and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.44% to hit a new 52-week low, while the BSE Sensex 30 index fell 0.26%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 2.57% or 135.65 points to trade at 5,419.55 at the close. Meanwhile, Bajaj Finserv Ltd (NS:BJFS) added 2.47% or 282.95 points to end at 11,754.85 and JSW Steel Ltd (NS:JSTL) was up 1.60% or 8.75 points to 554.60 in late trade.

The worst performers of the session were Titan Company Ltd (NS:TITN), which fell 6.04% or 124.50 points to trade at 1,936.45 at the close. Wipro Ltd (NS:WIPR) declined 4.05% or 17.10 points to end at 405.20 and Shree Cements Ltd. (NS:SHCM) was down 3.56% or 666.10 points to 18,045.75.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 2.63% to 5,422.70, Bajaj Finserv Ltd (BO:BJFS) which was up 2.47% to settle at 11,758.40 and ICICI Bank Ltd (BO:ICBK) which gained 1.43% to close at 688.10.

The worst performers were Titan Company Ltd (BO:TITN) which was down 6.06% to 1,935.35 in late trade, Wipro Ltd (BO:WIPR) which lost 4.07% to settle at 405.20 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 3.35% to 4,143.55 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1297 to 532 and 36 ended unchanged; on the Bombay Stock Exchange, 2164 fell and 1048 advanced, while 93 ended unchanged.

Shares in Wipro Ltd (NS:WIPR) fell to 52-week lows; down 4.05% or 17.10 to 405.20. Shares in Shree Cements Ltd. (NS:SHCM) fell to 52-week lows; down 3.56% or 666.10 to 18,045.75. Shares in Wipro Ltd (BO:WIPR) fell to 52-week lows; falling 4.07% or 17.20 to 405.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.48% to 22.76.

Gold Futures for August delivery was down 0.02% or 0.45 to $1,849.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.30% or 0.35 to hit $117.94 a barrel, while the August Brent oil contract rose 0.44% or 0.53 to trade at $120.34 a barrel.

USD/INR was up 0.13% to 78.06, while EUR/INR fell 0.10% to 82.14.

The US Dollar Index Futures was up 0.66% at 104.10.

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.