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India stocks lower at close of trade; Nifty 50 down 0.33%

Published 09/01/2021, 06:45 AM
Updated 09/01/2021, 06:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.33%

© Reuters India stocks lower at close of trade; Nifty 50 down 0.33%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Metals, IT and Technology sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.33%, while the BSE Sensex 30 index declined 0.37%.

The best performers of the session on the Nifty 50 were Asian Paints Ltd. (NS:ASPN), which rose 3.17% or 101.40 points to trade at 3302.75 at the close. Meanwhile, Tata Motors Ltd (NS:TAMO) added 2.77% or 7.95 points to end at 295.25 and SBI Life Insurance Company Ltd (NS:SBIL) was up 1.87% or 22.35 points to 1214.40 in late trade.

The worst performers of the session were Mahindra & Mahindra Ltd. (NS:MAHM), which fell 2.95% or 23.40 points to trade at 769.90 at the close. Tata Steel Ltd (NS:TISC) declined 2.69% or 39.05 points to end at 1411.20 and Cipla Ltd. (NS:CIPL) was down 2.63% or 24.95 points to 922.85.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 3.20% to 3303.10, Nestle India Ltd (BO:NEST) which was up 1.73% to settle at 19794.00 and AXIS Bank Ltd. (BO:AXBK) which gained 1.54% to close at 798.50.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.89% to 770.15 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.67% to settle at 1411.40 and Bajaj Finserv Ltd (BO:BJFS) which was down 2.04% to 16784.55 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 901 to 767 and 59 ended unchanged; on the Bombay Stock Exchange, 1596 fell and 1417 advanced, while 141 ended unchanged.

Shares in Asian Paints Ltd. (NS:ASPN) rose to all time highs; gaining 3.17% or 101.40 to 3302.75. Shares in SBI Life Insurance Company Ltd (NS:SBIL) rose to all time highs; rising 1.87% or 22.35 to 1214.40. Shares in Asian Paints Ltd. (BO:ASPN) rose to all time highs; up 3.20% or 102.35 to 3303.10. Shares in AXIS Bank Ltd. (BO:AXBK) rose to 52-week highs; rising 1.54% or 12.10 to 798.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.31% to 14.1850.

Gold Futures for December delivery was down 0.15% or 2.80 to $1815.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.09% or 0.06 to hit $68.56 a barrel, while the November Brent oil contract rose 0.11% or 0.08 to trade at $71.71 a barrel.

USD/INR was up 0.17% to 73.073, while EUR/INR rose 0.27% to 86.3610.

The US Dollar Index Futures was up 0.01% at 92.648.

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