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India stocks lower at close of trade; Nifty 50 down 1.35%

Published 02/22/2022, 05:45 AM
Updated 02/22/2022, 05:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.35%

Investing.com – India stocks were lower after the close on Tuesday, as losses in the Metals, Technology and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.35%, while the BSE Sensex 30 index declined 1.49%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which fell 0.13% or 1.10 points to trade at 840.00 at the close. Meanwhile, Bajaj Finserv Ltd (NS:BJFS) fell 0.51% or 82.30 points to end at 15929.95 and Hero MotoCorp Ltd (NS:HROM) was down 1.14% or 30.85 points to 2682.50 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 3.88% or 45.85 points to trade at 1136.00 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 2.83% or 10.45 points to end at 358.30 and Tata Consultancy Services Ltd. (NS:TCS) was down 3.76% or 139.70 points to 3579.70.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO:BJFS) which fell 0.74% to 15885.45, Mahindra & Mahindra Ltd. (BO:MAHM) which was down 0.39% to settle at 837.70 and Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 0.73% to close at 1812.95.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 3.85% to 1136.00 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 3.67% to settle at 3583.75 and State Bank Of India (BO:SBI) which was down 2.52% to 498.95 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1538 to 292 and 8 ended unchanged; on the Bombay Stock Exchange, 2588 fell and 665 advanced, while 83 ended unchanged.

Shares in Bharat Petroleum Corp. Ltd. (NS:BPCL) fell to 52-week lows; falling 2.83% or 10.45 to 358.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 18.15% to 27.0600 a new 6-months high.

Gold Futures for April delivery was up 0.63% or 12.05 to $1911.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 3.68% or 3.32 to hit $93.53 a barrel, while the May Brent oil contract rose 2.10% or 1.95 to trade at $94.94 a barrel.

USD/INR was down 0.00% to 74.859, while EUR/INR rose 0.53% to 84.6985.

The US Dollar Index Futures was up 0.10% at 96.112.

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