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India stocks lower at close of trade; Nifty 50 down 5.74%

Published 05/04/2020, 06:45 AM
Updated 05/04/2020, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 5.74%

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

At the close in NSE, the Nifty 50 lost 5.74%, while the BSE Sensex 30 index lost 5.94%.

The best performers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL), which rose 3.71% or 21.90 points to trade at 611.50 at the close. Meanwhile, Bharti Airtel Ltd. (NS:BRTI) added 3.24% or 16.65 points to end at 530.95 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 0.33% or 1.55 points to 466.00 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 10.68% or 13.90 points to trade at 116.30 at the close. ICICI Bank Ltd (NS:ICBK) declined 10.56% or 40.15 points to end at 340.00 and Vedanta Ltd (NS:VDAN) was down 10.44% or 9.35 points to 80.20.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 3.28% to 531.20, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 0.04% to settle at 465.05 and Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.69% to close at 360.40.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 10.96% to 338.25 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 10.21% to settle at 2080.50 and Housing Development Finance Corporation Ltd (BO:HDFC) which was down 10.08% to 1723.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1228 to 287 and 89 ended unchanged; on the Bombay Stock Exchange, 1765 fell and 534 advanced, while 170 ended unchanged.

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Shares in Cipla Ltd. (NS:CIPL) rose to 52-week highs; gaining 3.71% or 21.90 to 611.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 28.49% to 43.6700.

Gold Futures for June delivery was up 1.11% or 18.85 to $1719.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 7.18% or 1.42 to hit $18.36 a barrel, while the July Brent oil contract fell 2.80% or 0.74 to trade at $25.70 a barrel.

USD/INR was down 0.16% to 75.627, while EUR/INR fell 0.52% to 82.7325.

The US Dollar Index Futures was up 0.34% at 99.438.

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