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India stocks lower at close of trade; Nifty 50 down 1.73%

Published 02/07/2022, 05:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.73%
NSEI
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NIFVIX
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BJFN
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HDBK
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LART
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NTPC
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ONGC
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PGRD
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TACN
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TISC
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BSESN
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BSECG
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BSESCGIP
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BSEBANK
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HDFL
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Investing.com – India stocks were lower after the close on Monday, as losses in the Capital Goods, Banking and Fast Moving Consumer Goods sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.73%, while the BSE Sensex 30 index declined 1.75%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 1.88% or 3.95 points to trade at 213.65 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 1.47% or 2.50 points to end at 172.10 and NTPC Ltd (NS:NTPC) was up 0.71% or 0.95 points to 135.15 in late trade.

The worst performers of the session were Tata Consumer Products Ltd (NS:TACN), which fell 3.95% or 29.00 points to trade at 704.80 at the close. HDFC Bank Ltd (NS:HDBK) declined 3.66% or 55.85 points to end at 1468.15 and HDFC Life Insurance Company Ltd (NS:HDFL) was down 3.38% or 21.10 points to 603.25.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 1.88% to 213.65, NTPC Ltd (BO:NTPC) which was up 0.67% to settle at 135.15 and Tata Steel Ltd (BO:TISC) which gained 0.57% to close at 1182.90.

The worst performers were HDFC Bank Ltd (BO:HDBK) which was down 3.65% to 1468.60 in late trade, Larsen & Toubro Ltd (BO:LART) which lost 3.20% to settle at 1885.80 and Bajaj Finance Ltd (BO:BJFN) which was down 3.15% to 6930.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1228 to 614 and 41 ended unchanged; on the Bombay Stock Exchange, 2026 fell and 1377 advanced, while 142 ended unchanged.

Shares in HDFC Life Insurance Company Ltd (NS:HDFL) fell to 52-week lows; down 3.38% or 21.10 to 603.25.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.15% to 20.4375.

Gold Futures for April delivery was up 0.24% or 4.25 to $1812.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.05% or 0.97 to hit $91.34 a barrel, while the April Brent oil contract fell 0.58% or 0.54 to trade at $92.73 a barrel.

USD/INR was up 0.08% to 74.704, while EUR/INR fell 0.12% to 85.3305.

The US Dollar Index Futures was up 0.10% at 95.575.

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