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India stocks lower at close of trade; Nifty 50 down 0.65%

Published 03/03/2022, 05:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.65%
NSEI
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NIFVIX
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ASPN
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REDY
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ONGC
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PGRD
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TEML
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ULTC
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UPLL
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WIPR
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BSESN
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BSEAUTO
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BSECG
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BSEBANK
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HDFL
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Investing.com – India stocks were lower after the close on Thursday, as losses in the Auto, Banking and Capital Goods sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.65%, while the BSE Sensex 30 index lost 0.66%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 4.51% or 7.35 points to trade at 170.30 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 3.51% or 24.20 points to end at 713.75 and Power Grid Corporation of India Ltd (NS:PGRD) was up 3.30% or 6.95 points to 217.85 in late trade.

The worst performers of the session were UltraTech Cement Ltd (NS:ULTC), which fell 6.54% or 418.65 points to trade at 5,980.70 at the close. Asian Paints Ltd. (NS:ASPN) declined 5.18% or 157.05 points to end at 2,871.90 and HDFC Life Insurance Company Ltd (NS:HDFL) was down 5.18% or 29.05 points to 531.75.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 3.34% to 217.90, Wipro Ltd (BO:WIPR) which was up 2.58% to settle at 569.60 and Tech Mahindra Ltd (BO:TEML) which gained 2.43% to close at 1,427.30.

The worst performers were UltraTech Cement Ltd (BO:ULTC) which was down 6.47% to 5,981.85 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 5.20% to settle at 2,871.45 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 3.49% to 3,719.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1047 to 747 and 36 ended unchanged; on the Bombay Stock Exchange, 1994 rose and 1224 declined, while 116 ended unchanged.

Shares in UltraTech Cement Ltd (NS:ULTC) fell to 52-week lows; down 6.54% or 418.65 to 5,980.70. Shares in UltraTech Cement Ltd (BO:ULTC) fell to 52-week lows; down 6.47% or 414.05 to 5,981.85. Shares in Dr. Reddy’s Laboratories Ltd (BO:REDY) fell to 52-week lows; falling 3.49% or 134.50 to 3,719.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.69% to 28.16.

Gold Futures for April delivery was up 0.66% or 12.75 to $1,935.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.79% or 3.09 to hit $113.69 a barrel, while the May Brent oil contract rose 2.55% or 2.88 to trade at $115.81 a barrel.

USD/INR was up 0.51% to 75.97, while EUR/INR rose 0.22% to 84.27.

The US Dollar Index Futures was up 0.14% at 97.55.

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