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India stocks lower at close of trade; Nifty 50 down 1.32%

Published 01/29/2021, 05:45 AM
India stocks lower at close of trade; Nifty 50 down 1.32%
NSEI
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BRTI
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HROM
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ICBK
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Investing.com – India stocks were lower after the close on Friday, as losses in the Auto, Technology and IT sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.32% to hit a new 1-month low, while the BSE Sensex 30 index fell 1.26%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 6.14% or 49.30 points to trade at 851.90 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:SUN) added 4.26% or 24.05 points to end at 588.40 and ICICI Bank Ltd (NS:ICBK) was up 2.03% or 10.70 points to 538.95 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:REDY), which fell 5.30% or 258.25 points to trade at 4613.55 at the close. Maruti Suzuki India Ltd. (NS:MRTI) declined 4.83% or 366.50 points to end at 7222.00 and Hero MotoCorp Ltd (NS:HROM) was down 3.69% or 125.40 points to 3272.00.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 5.97% to 850.55, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 3.91% to settle at 586.45 and ICICI Bank Ltd (BO:ICBK) which gained 2.05% to close at 539.00.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 5.56% to 4605.00 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 4.99% to settle at 7207.95 and Bharti Airtel Ltd (BO:BRTI) which was down 3.33% to 552.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 877 to 740 and 65 ended unchanged; on the Bombay Stock Exchange, 1444 fell and 1338 advanced, while 147 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.33% to 25.3425 a new 6-months high.

Gold Futures for April delivery was up 0.93% or 17.10 to $1858.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.36% or 0.19 to hit $52.53 a barrel, while the April Brent oil contract rose 0.69% or 0.38 to trade at $55.48 a barrel.

USD/INR was up 0.00% to 72.932, while EUR/INR fell 0.01% to 88.3895.

The US Dollar Index Futures was up 0.24% at 90.642.

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