India stocks lower at close of trade; Nifty 50 down 0.16% By Investing.com

India stocks lower at close of trade; Nifty 50 down 0.16%

Stock MarketsMay 13, 2022 06:45AM ET

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India stocks lower at close of trade; Nifty 50 down 0.16%

Investing.com – India stocks were lower after the close on Friday, as losses in the Metals, Power and Banking sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.16% to hit a new 6-months low, while the BSE Sensex 30 index declined 0.26%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 8.60% or 32.00 points to trade at 404.30 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:SUN) added 3.82% or 32.50 points to end at 882.50 and Mahindra & Mahindra Ltd. (NS:MAHM) was up 2.80% or 24.25 points to 889.50 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 4.40% or 17.85 points to trade at 388.00 at the close. JSW Steel Ltd (NS:JSTL) declined 3.90% or 24.35 points to end at 600.45 and State Bank Of India (NS:SBI) was down 3.89% or 18.00 points to 444.65.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 3.76% to 882.10, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 2.78% to settle at 888.95 and Hindustan Unilever Ltd. (BO:HLL) which gained 2.49% to close at 2,194.35.

The worst performers were State Bank Of India (BO:SBI) which was down 3.76% to 445.05 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 2.65% to settle at 677.45 and NTPC Ltd (BO:NTPC) which was down 2.56% to 144.80 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1276 to 563 and 26 ended unchanged; on the Bombay Stock Exchange, 2113 rose and 1111 declined, while 131 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.21% to 23.49.

Gold Futures for June delivery was down 0.48% or 8.74 to $1,815.86 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.81% or 1.92 to hit $108.05 a barrel, while the July Brent oil contract rose 1.81% or 1.94 to trade at $109.39 a barrel.

USD/INR was up 0.05% to 77.48, while EUR/INR rose 0.09% to 80.43.

The US Dollar Index Futures was down 0.07% at 104.83.

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