India stocks lower at close of trade; Nifty 50 down 1.01% By Investing.com

India stocks lower at close of trade; Nifty 50 down 1.01%

Stock Markets Jan 20, 2022 05:45AM ET

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India stocks lower at close of trade; Nifty 50 down 1.01%

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

At the close in NSE, the Nifty 50 declined 1.01%, while the BSE Sensex 30 index fell 1.06%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 4.89% or 10.00 points to trade at 214.65 at the close. Meanwhile, Grasim Industries Ltd (NS:GRAS) added 1.66% or 30.00 points to end at 1836.50 and Bharti Airtel Ltd. (NS:BRTI) was up 1.66% or 11.70 points to 715.40 in late trade.

The worst performers of the session were Bajaj Finserv Ltd (NS:BJFS), which fell 4.53% or 818.35 points to trade at 17258.95 at the close. Bajaj Auto Ltd (NS:BAJA) declined 3.73% or 128.05 points to end at 3308.75 and Divi's Laboratories Ltd. (NS:DIVI) was down 3.39% or 151.75 points to 4329.75.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 4.86% to 214.60, Bharti Airtel Ltd (BO:BRTI) which was up 1.60% to settle at 715.30 and Asian Paints Ltd. (BO:ASPN) which gained 0.81% to close at 3307.70.

The worst performers were Bajaj Finserv Ltd (BO:BJFS) which was down 4.57% to 17260.30 in late trade, Infosys Ltd (BO:INFY) which lost 2.33% to settle at 1824.15 and Tata Consultancy Services Ltd. (BO:TCS) which was down 2.25% to 3827.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 912 to 899 and 25 ended unchanged; on the Bombay Stock Exchange, 1709 rose and 1600 declined, while 73 ended unchanged.

Shares in Power Grid Corporation of India Ltd (NS:PGRD) rose to 3-years highs; gaining 4.89% or 10.00 to 214.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.15% to 17.7900.

Gold Futures for February delivery was down 0.29% or 5.35 to $1837.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.10% or 0.09 to hit $85.71 a barrel, while the March Brent oil contract fell 0.34% or 0.30 to trade at $88.14 a barrel.

USD/INR was up 0.09% to 74.496, while EUR/INR rose 0.14% to 84.5265.

The US Dollar Index Futures was up 0.04% at 95.535.

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