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India stocks lower at close of trade; Nifty 50 down 1.18%

Published 12/03/2021, 05:45 AM
Updated 12/03/2021, 05:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 1.18%

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

At the close in NSE, the Nifty 50 lost 1.18%, while the BSE Sensex 30 index lost 1.31%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 2.12% or 14.80 points to trade at 713.00 at the close. Meanwhile, Bharat Petroleum Corp. Ltd. (NS:BPCL) added 1.89% or 7.15 points to end at 386.00 and Indian Oil Corporation Ltd (NS:IOC) was up 1.28% or 1.55 points to 122.20 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 3.92% or 8.40 points to trade at 206.10 at the close. Reliance Industries Ltd (NS:RELI) declined 3.00% or 74.60 points to end at 2408.25 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 2.55% or 50.05 points to 1914.20.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART) which rose 0.72% to 1801.85, IndusInd Bank Ltd. (BO:INBK) which was up 0.61% to settle at 951.25 and Tata Steel Ltd (BO:TISC) which gained 0.47% to close at 1118.00.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 4.03% to 206.00 in late trade, Reliance Industries Ltd (BO:RELI) which lost 3.05% to settle at 2408.15 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 2.58% to 1913.60 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 968 to 792 and 51 ended unchanged; on the Bombay Stock Exchange, 1760 rose and 1396 declined, while 141 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.03% to 18.4550.

Gold Futures for February delivery was up 0.52% or 9.25 to $1771.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 2.51% or 1.67 to hit $68.17 a barrel, while the February Brent oil contract rose 2.58% or 1.80 to trade at $71.47 a barrel.

USD/INR was up 0.19% to 75.113, while EUR/INR rose 0.30% to 84.9675.

The US Dollar Index Futures was down 0.01% at 96.145.

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