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India stocks lower at close of trade; Nifty 50 down 0.94%

Published 04/27/2022, 06:45 AM
Updated 04/27/2022, 06:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.94%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Power, Green Energy and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.94%, while the BSE Sensex 30 index declined 0.94%.

The best performers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 3.85% or 92.75 points to trade at 2,500.00 at the close. Meanwhile, Tata Steel Ltd (NS:TISC) added 1.06% or 13.10 points to end at 1,246.70 and Asian Paints Ltd. (NS:ASPN) was up 0.62% or 19.35 points to 3,145.00 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 7.27% or 526.45 points to trade at 6,714.10 at the close. Bajaj Finserv Ltd (NS:BJFS) declined 3.94% or 607.95 points to end at 14,826.40 and Tata Consumer Products Ltd (NS:TACN) was down 2.85% or 23.45 points to 798.60.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 1.05% to 1,246.50, Asian Paints Ltd. (BO:ASPN) which was up 0.72% to settle at 3,148.00 and Tata Consultancy Services Ltd. (BO:TCS) which gained 0.47% to close at 3,561.30.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 7.24% to 6,716.65 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 3.88% to settle at 14,828.55 and ICICI Bank Ltd (BO:ICBK) which was down 2.21% to 737.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1298 to 535 and 33 ended unchanged; on the Bombay Stock Exchange, 2118 fell and 1131 advanced, while 111 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.39% to 20.60.

Gold Futures for June delivery was down 0.34% or 6.50 to $1,897.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.27% or 0.27 to hit $101.97 a barrel, while the July Brent oil contract rose 0.49% or 0.51 to trade at $105.12 a barrel.

USD/INR was down 0.31% to 76.55, while EUR/INR fell 0.34% to 81.25.

The US Dollar Index Futures was up 0.28% at 102.60.

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