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India stocks lower at close of trade; Nifty 50 down 1.15%

Published 03/23/2018, 06:45 AM
Updated 03/23/2018, 06:50 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.15%
NSEI
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NIFVIX
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AXBK
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HCLT
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HALC
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INFY
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APSE
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PGRD
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SBI
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VDAN
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YESB
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ZEE
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INUS
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BSEMET
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BSEREAL
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BSEBANK
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Investing.com – India stocks were lower after the close on Friday, as losses in the Real Estate, Metals and Banking sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.15% to hit a new 3-months low, while the BSE Sensex 30 index lost 1.24%.

The best performers of the session on the Nifty 50 were HCL Technologies Ltd (NS:HCLT), which rose 2.80% or 26.05 points to trade at 957.40 at the close. Meanwhile, Bharti Infratel Ltd (NS:BHRI) added 2.18% or 7.30 points to end at 342.50 and Zee Entertainment Enterprises Ltd. (NS:ZEE) was up 1.95% or 10.90 points to 569.40 in late trade.

The worst performers of the session were Vedanta Ltd (NS:VDAN), which fell 5.62% or 16.40 points to trade at 276.00 at the close. Hindalco Industries Ltd. (NS:HALC) declined 5.24% or 11.35 points to end at 206.10 and Yes Bank Ltd (NS:YESB) was down 3.64% or 10.85 points to 286.65.

The top performers on the BSE Sensex 30 were Adani Port and Special Economic Zone Ltd (BO:APSE) which rose 0.99% to 361.70, Infosys Ltd (BO:INFY) which was up 0.75% to settle at 1167.45 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.54% to close at 194.25.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 3.87% to 286.70 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 3.34% to settle at 501.00 and State Bank Of India (BO:SBI) which was down 2.90% to 234.60 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1343 to 278 and 27 ended unchanged; on the Bombay Stock Exchange, 2043 fell and 569 advanced, while 147 ended unchanged.

Shares in State Bank Of India (BO:SBI) fell to 52-week lows; down 2.90% or 7.00 to 234.60.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.95% to 15.5450.

Gold Futures for April delivery was up 1.12% or 14.90 to $1342.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.26% or 0.17 to hit $64.47 a barrel, while the May Brent oil contract rose 0.13% or 0.09 to trade at $69.00 a barrel.

USD/INR was down 0.20% to 65.040, while EUR/INR rose 0.12% to 80.1833.

The US Dollar Index Futures was down 0.18% at 89.31.

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