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India stocks lower at close of trade; Nifty 50 down 0.18%

Published 07/14/2022, 06:45 AM
Updated 07/14/2022, 06:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.18% – India stocks were lower after the close on Thursday, as losses in the IT, Technology and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.18%, while the BSE Sensex 30 index lost 0.18%.

The best performers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 2.60% or 22.35 points to trade at 882.50 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 2.21% or 2.75 points to end at 127.20 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 1.88% or 84.65 points to 4,586.25 in late trade.

The worst performers of the session were Hero MotoCorp Ltd (NS:HROM), which fell 1.79% or 50.95 points to trade at 2,792.40 at the close. AXIS Bank Ltd (NS:AXBK) declined 1.63% or 11.05 points to end at 668.85 and HCL Technologies Ltd (NS:HCLT) was down 1.59% or 14.55 points to 903.20.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 2.28% to 880.15, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 1.73% to settle at 4,581.20 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 1.50% to close at 1,769.00.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 1.74% to 668.05 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 1.53% to settle at 903.70 and State Bank Of India (BO:SBI) which was down 1.48% to 479.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1156 to 660 and 54 ended unchanged; on the Bombay Stock Exchange, 1865 fell and 1338 advanced, while 135 ended unchanged.

Shares in HCL Technologies Ltd (NS:HCLT) fell to 52-week lows; falling 1.59% or 14.55 to 903.20. Shares in HCL Technologies Ltd (BO:HCLT) fell to 52-week lows; losing 1.53% or 14.05 to 903.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.97% to 18.34.

Gold Futures for August delivery was down 1.38% or 23.90 to $1,711.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.45% or 2.36 to hit $93.94 a barrel, while the September Brent oil contract fell 1.94% or 1.93 to trade at $97.64 a barrel.

USD/INR was up 0.17% to 79.93, while EUR/INR fell 0.07% to 80.08.

The US Dollar Index Futures was up 0.64% at 108.44.

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