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India stocks lower at close of trade; Nifty 50 down 3.03%

Published 04/21/2020, 06:45 AM
Updated 04/21/2020, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 3.03%

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

At the close in NSE, the Nifty 50 lost 3.03%, while the BSE Sensex 30 index declined 3.20%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 4.38% or 168.25 points to trade at 4013.00 at the close. Meanwhile, Bharti Infratel Ltd (NS:BHRI) added 2.89% or 4.60 points to end at 163.90 and Bharti Airtel Ltd. (NS:BRTI) was up 2.18% or 10.70 points to 501.00 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 12.25% or 55.95 points to trade at 400.75 at the close. Bajaj Finance Ltd (NS:BJFN) declined 9.07% or 209.25 points to end at 2099.00 and ICICI Bank Ltd (NS:ICBK) was down 8.72% or 31.50 points to 329.80.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 1.97% to 500.05, Hero MotoCorp Ltd (BO:HROM) which was up 1.44% to settle at 1832.25 and Reliance Industries Ltd (BO:RELI) which gained 0.46% to close at 1250.20.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 12.41% to 400.30 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 9.12% to settle at 2097.00 and ICICI Bank Ltd (BO:ICBK) which was down 8.73% to 329.95 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1136 to 387 and 71 ended unchanged; on the Bombay Stock Exchange, 1599 fell and 696 advanced, while 140 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) rose to 3-years highs; rising 4.38% or 168.25 to 4013.00. Shares in Bajaj Finance Ltd (NS:BJFN) fell to 52-week lows; down 9.07% or 209.25 to 2099.00. Shares in Bajaj Finance Ltd (BO:BJFN) fell to 52-week lows; down 9.12% or 210.40 to 2097.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.01% to 45.1975.

Gold Futures for June delivery was down 1.17% or 20.00 to $1691.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 16.74% or 3.42 to hit $17.01 a barrel, while the June Brent oil contract fell 14.59% or 3.73 to trade at $21.84 a barrel.

USD/INR was up 0.41% to 76.883, while EUR/INR rose 0.17% to 83.3105.

The US Dollar Index Futures was up 0.34% at 100.398.

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