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India stocks lower at close of trade; S&P CNX Nifty down 2.33%

Published 09/01/2015, 06:45 AM
India stocks lower at close of trade; S&P CNX Nifty down 2.33%
NSEI
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NIFVIX
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ABUJ
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AXBK
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BAJA
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BOB
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HROM
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HALC
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KTKM
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PNBK
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SUN
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TISC
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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 Tuesday, as losses in the Banking, Metals and Real Estate sectors led shares lower.

At the close in NSE, the S&P CNX Nifty lost 2.33% to hit a new 6-months low, while the BSE Sensex 30 index fell 2.23%.

The best performers of the session on the S&P CNX Nifty were Bajaj Auto Limited (NSE:BAJA), which rose 0.77% or 17.20 points to trade at 2249.90 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NSE:SUN) added 0.33% or 3.00 points to end at 901.95 and Ambuja Cements Ltd. (NSE:ABUJ) was up 0.19% or 0.40 points to 207.60 in late trade.

The worst performers of the session were Punjab National Bank (NSE:PNBK), which fell 6.94% or 10.05 points to trade at 134.80 at the close. Bank Of Baroda (NSE:BOB) declined 6.63% or 12.25 points to end at 172.50 and Kotak Mahindra Bank Ltd. (NSE:KTKM) was down 5.82% or 37.95 points to 613.75.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 0.34% to 900.75, Bajaj Auto Limited (BO:BAJA) which was down 0.14% to settle at 2251.75 and Hero MotoCorp Limited (BO:HROM) which lost 0.50% to close at 2385.30.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 5.24% to 480.15 in late trade, Hindalco Industries Ltd. (BO:HALC) which lost 5.18% to settle at 75.90 and TATA STEEL LIMITED (BO:TISC) which was down 3.93% to 216.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1217 to 204 and 9 ended unchanged; on the Bombay Stock Exchange, 632 fell and 112 advanced, while 2 ended unchanged.

Shares in Kotak Mahindra Bank Ltd. (NSE:KTKM) fell to 52-week lows; down 5.82% or 37.95 to 613.75. Shares in Hindalco Industries Ltd. (BO:HALC) fell to 3-years lows; losing 5.18% or 4.15 to 75.90.

The India Vix, which measures the implied volatility of S&P CNX Nifty options, was up 16.76% to 28.7175 a new 52-week high.

Gold for December delivery was up 0.89% or 10.10 to $1142.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.72% or 0.84 to hit $48.35 a barrel, while the October Brent oil contract fell 2.03% or 1.10 to trade at $53.05 a barrel.

USD/INR was down 0.24% to 66.252, while EUR/INR rose 0.20% to 74.6120.

The US Dollar Index was down 0.37% at 95.60.

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