India stocks lower at close of trade; Nifty 50 down 0.83%
2022.04.06 14:07
India stocks lower at close of trade; Nifty 50 down 0.83%
Investing.com – India stocks were lower after the close on Wednesday, as losses in the IT, Technology and Banking sectors led shares lower.
At the close in NSE, the Nifty 50 lost 0.83%, while the BSE Sensex 30 index lost 0.94%.
The best performers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 3.17% or 5.95 points to trade at 193.85 at the close. Meanwhile, Indian Oil Corporation Ltd (NS:IOC) added 2.77% or 3.40 points to end at 126.05 and NTPC Ltd (NS:NTPC) was up 2.62% or 3.90 points to 153.00 in late trade.
The worst performers of the session were HDFC Bank Ltd (NS:HDBK), which fell 3.57% or 57.40 points to trade at 1,550.85 at the close. Housing Development Finance Corporation Ltd (NS:HDFC) declined 3.34% or 87.65 points to end at 2,536.05 and HDFC Life Insurance Company Ltd (NS:HDFL) was down 2.40% or 13.65 points to 556.00.
The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 2.61% to 153.05, Tata Steel Ltd (BO:TISC) which was up 1.94% to settle at 1,371.00 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 1.52% to close at 236.60.
The worst performers were HDFC Bank Ltd (BO:HDBK) which was down 3.51% to 1,550.80 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 3.26% to settle at 2,536.50 and HCL Technologies Ltd (BO:HCLT) which was down 2.07% to 1,170.80 at the close.
Rising stocks outnumbered declining ones on the India National Stock Exchange by 1171 to 658 and 33 ended unchanged; on the Bombay Stock Exchange, 2126 rose and 1175 declined, while 93 ended unchanged.
Shares in NTPC Ltd (NS:NTPC) rose to 3-years highs; gaining 2.62% or 3.90 to 153.00. Shares in NTPC Ltd (BO:NTPC) rose to 3-years highs; gaining 2.61% or 3.90 to 153.05. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to all time highs; rising 1.52% or 3.55 to 236.60.
The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.89% to 19.02.
Gold Futures for June delivery was down 0.08% or 1.60 to $1,925.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.40% or 1.43 to hit $103.39 a barrel, while the June Brent oil contract rose 1.17% or 1.25 to trade at $107.89 a barrel.
USD/INR was up 0.45% to 75.76, while EUR/INR rose 0.47% to 82.65.
The US Dollar Index Futures was up 0.10% at 99.53.
