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India stocks lower at close of trade; Nifty 50 down 1.19%

Published 06/09/2020, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.19%
NSEI
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NIFVIX
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BRTI
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REDY
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GAIL
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HDBK
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ICBK
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INBK
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MAHM
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SUN
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WIPR
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BSESN
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BSECD
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BSEOIL
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BSEBANK
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Investing.com – India stocks were lower after the close on Tuesday, as losses in the Banking, Oil & Gas and Consumer Durables sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.19%, while the BSE Sensex 30 index fell 1.20%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 3.84% or 152.40 points to trade at 4120.00 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 2.70% or 12.20 points to end at 463.80 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 1.93% or 9.45 points to 498.45 in late trade.

The worst performers of the session were ICICI Bank Ltd (NS:ICBK), which fell 3.75% or 13.50 points to trade at 346.30 at the close. Wipro Ltd (NS:WIPR) declined 3.69% or 8.35 points to end at 218.10 and GAIL Ltd (NS:GAIL) was down 3.68% or 3.85 points to 100.90.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 2.67% to 463.70, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 1.90% to settle at 498.25 and Mahindra & Mahindra Ltd. (BO:MAHM) which gained 1.04% to close at 475.95.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 3.15% to 348.75 in late trade, Bharti Airtel Ltd (BO:BRTI) which lost 3.12% to settle at 566.50 and HDFC Bank Ltd (BO:HDBK) which was down 2.81% to 986.95 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 988 to 660 and 42 ended unchanged; on the Bombay Stock Exchange, 1381 fell and 1058 advanced, while 155 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) rose to 3-years highs; gaining 3.84% or 152.40 to 4120.00. Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to 52-week highs; gaining 1.93% or 9.45 to 498.45. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 52-week highs; gaining 1.90% or 9.30 to 498.25.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.88% to 30.2050.

Gold Futures for August delivery was up 0.59% or 10.10 to $1715.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.94% or 0.74 to hit $37.45 a barrel, while the August Brent oil contract fell 1.67% or 0.68 to trade at $40.12 a barrel.

USD/INR was up 0.33% to 75.627, while EUR/INR rose 0.15% to 85.2465.

The US Dollar Index Futures was up 0.28% at 96.877.

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