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India stocks lower at close of trade; Nifty 50 down 1.31%

Published 02/11/2022, 05:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 1.31%
NSEI
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NIFVIX
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GRAS
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IOC
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INBK
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INFY
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NTPC
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TISC
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TEML
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ULTC
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BSESN
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BSECD
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BSESITIP
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BSETECK
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Investing.com – India stocks were lower after the close on Friday, as losses in the IT, Technology and Consumer Durables sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.31%, while the BSE Sensex 30 index declined 1.31%.

The best performers of the session on the Nifty 50 were Indian Oil Corporation Ltd (NS:IOC), which rose 1.79% or 2.15 points to trade at 122.10 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 1.03% or 10.05 points to end at 982.40 and Tata Steel Ltd (NS:TISC) was up 0.49% or 6.10 points to 1254.45 in late trade.

The worst performers of the session were Grasim Industries Ltd (NS:GRAS), which fell 3.30% or 58.40 points to trade at 1710.15 at the close. Tech Mahindra Ltd (NS:TEML) declined 2.97% or 43.60 points to end at 1424.90 and Infosys Ltd (NS:INFY) was down 2.73% or 48.25 points to 1721.35.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 0.94% to 981.95, Tata Steel Ltd (BO:TISC) which was up 0.52% to settle at 1254.75 and NTPC Ltd (BO:NTPC) which gained 0.51% to close at 137.10.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.94% to 1424.35 in late trade, Infosys Ltd (BO:INFY) which lost 2.71% to settle at 1721.00 and UltraTech Cement Ltd (BO:ULTC) which was down 2.16% to 7310.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1429 to 374 and 23 ended unchanged; on the Bombay Stock Exchange, 2289 fell and 917 advanced, while 98 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.48% to 18.6800.

Gold Futures for April delivery was down 0.50% or 9.25 to $1828.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.53% or 0.48 to hit $90.36 a barrel, while the April Brent oil contract rose 0.44% or 0.40 to trade at $91.81 a barrel.

USD/INR was down 0.02% to 75.371, while EUR/INR rose 0.12% to 85.8915.

The US Dollar Index Futures was up 0.31% at 95.840.

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