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India stocks lower at close of trade; Nifty 50 down 0.61%

Published 05/16/2023, 06:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.61%

Investing.com – India stocks were lower after the close on Tuesday, as losses in the Auto, Green Energy and Carbon sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.61%, while the BSE Sensex 30 index declined 0.66%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 1.65% or 5.90 points to trade at 362.90 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 1.45% or 2.40 points to end at 168.00 and Coal India Ltd (NS:COAL) was up 1.37% or 3.25 points to 240.95 in late trade.

The worst performers of the session were Housing Development Finance Corporation Ltd (NS:HDFC), which fell 2.22% or 61.70 points to trade at 2,722.65 at the close. Tata Motors Ltd (NS:TAMO) declined 1.83% or 9.70 points to end at 521.15 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 1.80% or 23.20 points to 1,262.45.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 0.98% to 6,776.00, NTPC Ltd (BO:NTPC) which was up 0.85% to settle at 177.50 and State Bank Of India (BO:SBI) which gained 0.74% to close at 586.20.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 2.21% to 2,722.60 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.82% to settle at 1,262.50 and HDFC Bank Ltd (BO:HDBK) which was down 1.76% to 1,646.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 967 to 945 and 76 ended unchanged; on the Bombay Stock Exchange, 1790 rose and 1618 declined, while 127 ended unchanged.

Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to 52-week highs; rising 1.45% or 2.40 to 168.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.91% to 13.29 a new 1-month high.

Gold Futures for June delivery was down 0.52% or 10.45 to $2,012.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.07% or 0.05 to hit $71.16 a barrel, while the July Brent oil contract rose 0.03% or 0.02 to trade at $75.25 a barrel.

USD/INR was down 0.13% to 82.22, while EUR/INR rose 0.11% to 89.56.

The US Dollar Index Futures was down 0.14% at 102.13.

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