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India stocks lower at close of trade; Nifty 50 down 1.94%
Published Sep 16, 2022 06:45AM ET
© Reuters India stocks lower at close of trade; Nifty 50 down 1.94%
Investing.com – India stocks were lower after the close on Friday, as losses in the Real Estate, IT and Technology sectors led shares lower.
At the close in NSE, the Nifty 50 declined 1.94%, while the BSE Sensex 30 index fell 1.82%.
The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 2.52% or 30.15 points to trade at 1,226.00 at the close. Meanwhile, Cipla Ltd. (NS:CIPL) added 1.03% or 10.60 points to end at 1,043.90 and AXIS Bank Ltd (NS:AXBK) was down 0.09% or 0.70 points to 789.30 in late trade.
The worst performers of the session were UPL Ltd (NS:UPLL), which fell 5.28% or 39.20 points to trade at 703.40 at the close. Tata Consumer Products Ltd (NS:TACN) declined 5.04% or 42.20 points to end at 795.20 and Tech Mahindra Ltd (NS:TEML) was down 4.60% or 49.80 points to 1,033.20.
The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 2.63% to 1,227.50, AXIS Bank Ltd. (BO:AXBK) which was down 0.04% to settle at 789.40 and Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 0.20% to close at 1,930.55.
The worst performers were UltraTech Cement Ltd (BO:ULTC) which was down 4.51% to 6,481.15 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 4.45% to settle at 1,034.30 and Infosys Ltd (BO:INFY) which was down 3.69% to 1,379.15 at the close.
Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1521 to 318 and 39 ended unchanged; on the Bombay Stock Exchange, 2417 fell and 942 advanced, while 101 ended unchanged.
Shares in Infosys Ltd (BO:INFY) fell to 52-week lows; falling 3.69% or 52.90 to 1,379.15.
The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.77% to 19.82.
Gold Futures for December delivery was down 0.38% or 6.35 to $1,670.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.40% or 0.34 to hit $85.44 a barrel, while the November Brent oil contract rose 0.61% or 0.55 to trade at $91.39 a barrel.
USD/INR was down 0.14% to 79.74, while EUR/INR fell 0.30% to 79.60.
The US Dollar Index Futures was up 0.17% at 109.64.
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