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India stocks lower at close of trade; Nifty 50 down 1.79%

Published 03/24/2021, 06:45 AM
Updated 03/24/2021, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 1.79%

India stocks lower at close of trade; Nifty 50 down 1.79%

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

At the close in NSE, the Nifty 50 fell 1.79%, while the BSE Sensex 30 index declined 1.74%.

The best performers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL), which rose 1.92% or 14.90 points to trade at 791.00 at the close. Meanwhile, Asian Paints Ltd. (NS:ASPN) added 1.40% or 33.70 points to end at 2444.00 and Power Grid Corporation of India Ltd (NS:PGRD) was up 0.82% or 1.80 points to 220.80 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 4.74% or 35.15 points to trade at 706.00 at the close. Tata Motors Ltd (NS:TAMO) declined 4.12% or 12.65 points to end at 294.75 and Adani Port and Special Economic Zone Ltd (NS:APSE) was down 4.12% or 30.40 points to 708.15.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 1.44% to 2444.20, Power Grid Corporation of India Ltd (BO:PGRD) which was up 0.98% to settle at 221.30 and HCL Technologies Ltd (BO:HCLT) which lost 0.49% to close at 975.90.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 3.97% to 811.15 in late trade, State Bank Of India (BO:SBI) which lost 3.38% to settle at 359.90 and AXIS Bank Ltd. (BO:AXBK) which was down 3.33% to 706.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1278 to 372 and 63 ended unchanged; on the Bombay Stock Exchange, 2041 fell and 818 advanced, while 159 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.66% to 22.4550.

Gold Futures for April delivery was up 0.32% or 5.55 to $1730.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.25% or 1.30 to hit $59.06 a barrel, while the May Brent oil contract rose 2.12% or 1.29 to trade at $62.08 a barrel.

USD/INR was up 0.15% to 72.656, while EUR/INR fell 0.08% to 85.8855.

The US Dollar Index Futures was up 0.18% at 92.517.

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