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India stocks lower at close of trade; Nifty 50 down 1.71%

Published 04/24/2020, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 1.71%
NSEI
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NIFVIX
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AXBK
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BJFN
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BRIT
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HROM
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INBK
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RELI
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SUN
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ZEE
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INUS
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BSESN
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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, Banking and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 fell 1.71%, while the BSE Sensex 30 index declined 1.68%.

The best performers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 4.00% or 54.90 points to trade at 1425.80 at the close. Meanwhile, Britannia Industries Ltd (NS:BRIT) added 3.51% or 103.60 points to end at 3051.00 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 1.69% or 8.05 points to 485.50 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 8.70% or 189.05 points to trade at 1983.40 at the close. Bharti Infratel Ltd (NS:BHRI) declined 7.98% or 13.25 points to end at 152.85 and Zee Entertainment Enterprises Ltd. (NS:ZEE) was down 7.52% or 11.85 points to 145.70.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 3.34% to 1417.35, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 1.67% to settle at 485.25 and Hero MotoCorp Ltd (BO:HROM) which gained 1.38% to close at 1890.00.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 9.14% to 1976.45 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 6.58% to settle at 383.10 and AXIS Bank Ltd. (BO:AXBK) which was down 5.96% to 404.10 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1094 to 423 and 77 ended unchanged; on the Bombay Stock Exchange, 1502 fell and 744 advanced, while 150 ended unchanged.

Shares in Bajaj Finance Ltd (NS:BJFN) fell to 52-week lows; falling 8.70% or 189.05 to 1983.40. Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to 52-week highs; gaining 1.69% or 8.05 to 485.50. Shares in Bajaj Finance Ltd (BO:BJFN) fell to 52-week lows; down 9.14% or 198.75 to 1976.45. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 52-week highs; rising 1.67% or 7.95 to 485.25.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.29% to 39.1175 a new 1-month low.

Gold Futures for June delivery was up 0.73% or 12.70 to $1758.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.12% or 0.02 to hit $16.52 a barrel, while the June Brent oil contract rose 1.03% or 0.22 to trade at $21.55 a barrel.

USD/INR was up 0.58% to 76.331, while EUR/INR rose 0.73% to 82.3765.

The US Dollar Index Futures was down 0.03% at 100.502.

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