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

Published 12/07/2022, 05:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.44%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Real Estate, Consumer Durables and Power sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.44%, while the BSE Sensex 30 index declined 0.34%.

The best performers of the session on the Nifty 50 were Asian Paints Ltd. (NS:ASPN), which rose 2.05% or 64.80 points to trade at 3,226.50 at the close. Meanwhile, Hindustan Unilever Ltd. (NS:HLL) added 1.99% or 52.80 points to end at 2,707.35 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 1.96% or 6.45 points to 335.00 in late trade.

The worst performers of the session were NTPC Ltd (NS:NTPC), which fell 2.00% or 3.50 points to trade at 171.70 at the close. SBI Life Insurance Company Ltd (NS:SBIL) declined 1.79% or 23.05 points to end at 1,262.05 and Bajaj Finserv Ltd (NS:BJFS) was down 1.75% or 28.55 points to 1,606.70.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 2.10% to 3,226.65, Hindustan Unilever Ltd. (BO:HLL) which was up 2.01% to settle at 2,707.50 and Larsen & Toubro Ltd (BO:LART) which gained 1.42% to close at 2,123.50.

The worst performers were NTPC Ltd (BO:NTPC) which was down 2.00% to 171.80 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 1.73% to settle at 1,607.00 and IndusInd Bank Ltd. (BO:INBK) which was down 1.64% to 1,164.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1170 to 738 and 52 ended unchanged; on the Bombay Stock Exchange, 1907 fell and 1471 advanced, while 137 ended unchanged.

Shares in Hindustan Unilever Ltd. (NS:HLL) rose to 52-week highs; rising 1.99% or 52.80 to 2,707.35. Shares in Hindustan Unilever Ltd. (BO:HLL) rose to 52-week highs; rising 2.01% or 53.40 to 2,707.50. Shares in Larsen & Toubro Ltd (BO:LART) rose to all time highs; up 1.42% or 29.65 to 2,123.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.25% to 14.08.

Gold Futures for February delivery was up 0.16% or 2.85 to $1,785.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.93% or 0.69 to hit $73.56 a barrel, while the February Brent oil contract fell 1.00% or 0.79 to trade at $78.56 a barrel.

USD/INR was down 0.09% to 82.41, while EUR/INR rose 0.24% to 86.56.

The US Dollar Index Futures was down 0.17% at 105.36.

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