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India stocks lower at close of trade; Nifty 50 down 0.50%

Published 09/22/2022, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.50%

Investing.com – India stocks were lower after the close on Thursday, as losses in the Banking, Public Sector Undertakings and Carbon sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.50%, while the BSE Sensex 30 index declined 0.57%.

The best performers of the session on the Nifty 50 were Titan Company Ltd (NS:TITN), which rose 2.66% or 70.95 points to trade at 2,737.60 at the close. Meanwhile, Hindustan Unilever Ltd. (NS:HLL) added 2.64% or 69.15 points to end at 2,692.75 and Asian Paints Ltd. (NS:ASPN) was up 2.38% or 79.95 points to 3,436.00 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 3.06% or 6.95 points to trade at 220.10 at the close. AXIS Bank Ltd (NS:AXBK) declined 2.15% or 17.35 points to end at 789.20 and HDFC Bank Ltd (NS:HDBK) was down 2.13% or 32.35 points to 1,486.00.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 2.73% to 2,737.90, Hindustan Unilever Ltd. (BO:HLL) which was up 2.64% to settle at 2,693.05 and Asian Paints Ltd. (BO:ASPN) which gained 2.51% to close at 3,439.00.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.80% to 220.05 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 2.18% to settle at 1,485.70 and AXIS Bank Ltd. (BO:AXBK) which was down 2.09% to 789.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 968 to 870 and 47 ended unchanged; on the Bombay Stock Exchange, 1745 rose and 1555 declined, while 143 ended unchanged.

Shares in Titan Company Ltd (NS:TITN) rose to all time highs; rising 2.66% or 70.95 to 2,737.60. Shares in Titan Company Ltd (BO:TITN) rose to all time highs; up 2.73% or 72.75 to 2,737.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.64% to 18.82.

Gold Futures for December delivery was down 0.03% or 0.50 to $1,675.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.47% or 0.39 to hit $83.33 a barrel, while the November Brent oil contract rose 0.42% or 0.38 to trade at $90.21 a barrel.

USD/INR was up 1.04% to 80.88, while EUR/INR rose 1.68% to 79.91.

The US Dollar Index Futures was up 0.28% at 110.66.

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