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India stocks lower at close of trade; Nifty 50 down 1.12%

Published 03/02/2022, 05:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 1.12%
NSEI
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NIFVIX
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ASPN
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BAJA
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COAL
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REDY
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MRTI
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RELI
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TISC
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TITN
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BSESN
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BSEAUTO
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BSESHLIP
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BSEBANK
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SBIL
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HDFL
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Auto, Banking and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.12%, while the BSE Sensex 30 index declined 1.38%.

The best performers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 8.99% or 15.25 points to trade at 184.80 at the close. Meanwhile, HDFC Life Insurance Company Ltd (NS:HDFL) added 7.19% or 37.60 points to end at 560.80 and SBI Life Insurance Company Ltd (NS:SBIL) was up 5.75% or 61.00 points to 1,121.15 in late trade.

The worst performers of the session were Maruti Suzuki India Ltd. (NS:MRTI), which fell 6.01% or 499.95 points to trade at 7,814.20 at the close. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 5.17% or 210.25 points to end at 3,853.15 and Bajaj Auto Ltd (NS:BAJA) was down 4.62% or 163.20 points to 3,367.15.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 5.54% to 1,288.50, Titan Company Ltd (BO:TITN) which was up 1.88% to settle at 2,592.55 and Reliance Industries Ltd (BO:RELI) which gained 1.67% to close at 2,398.40.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 6.00% to 7,813.85 in late trade, Dr. Reddy’s Laboratories Ltd (BO:REDY) which lost 5.14% to settle at 3,854.15 and Asian Paints Ltd. (BO:ASPN) which was down 4.53% to 3,028.80 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 921 to 880 and 36 ended unchanged; on the Bombay Stock Exchange, 1655 rose and 1584 declined, while 111 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) fell to 52-week lows; down 5.17% or 210.25 to 3,853.15. Shares in Dr. Reddy’s Laboratories Ltd (BO:REDY) fell to 52-week lows; losing 5.14% or 208.80 to 3,854.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.32% to 29.23.

Gold Futures for April delivery was down 0.90% or 17.40 to $1,926.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 4.44% or 4.59 to hit $108.00 a barrel, while the May Brent oil contract rose 4.50% or 4.72 to trade at $109.69 a barrel.

USD/INR was down 0.10% to 75.73, while EUR/INR fell 0.29% to 84.03.

The US Dollar Index Futures was up 0.19% at 97.59.

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