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India stocks lower at close of trade; Nifty 50 down 1.07%

Published 01/18/2022, 05:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 1.07%
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Investing.com – India stocks were lower after the close on Tuesday, as losses in the Real Estate, Auto and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.07%, while the BSE Sensex 30 index fell 0.90%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 1.76% or 12.55 points to trade at 725.20 at the close. Meanwhile, HDFC Bank Ltd (NS:HDBK) added 0.51% or 7.75 points to end at 1529.25 and ICICI Bank Ltd (NS:ICBK) was up 0.46% or 3.80 points to 823.10 in late trade.

The worst performers of the session were Tata Consumer Products Ltd (NS:TACN), which fell 4.40% or 33.65 points to trade at 731.45 at the close. Maruti Suzuki India Ltd. (NS:MRTI) declined 4.24% or 350.35 points to end at 7915.15 and UltraTech Cement Ltd (NS:ULTC) was down 3.81% or 300.10 points to 7570.00.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 1.83% to 725.60, HDFC Bank Ltd (BO:HDBK) which was up 0.53% to settle at 1529.60 and ICICI Bank Ltd (BO:ICBK) which gained 0.48% to close at 823.35.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 4.05% to 7930.00 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 3.83% to settle at 7566.25 and Tech Mahindra Ltd (BO:TEML) which was down 3.54% to 1660.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1396 to 412 and 25 ended unchanged; on the Bombay Stock Exchange, 2205 fell and 1104 advanced, while 80 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.05% to 17.7800.

Gold Futures for February delivery was down 0.39% or 7.15 to $1809.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.70% or 1.42 to hit $84.72 a barrel, while the March Brent oil contract rose 1.33% or 1.15 to trade at $87.63 a barrel.

USD/INR was up 0.41% to 74.555, while EUR/INR rose 0.31% to 84.9420.

The US Dollar Index Futures was up 0.20% at 95.350.

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