India stocks lower at close of trade; Nifty 50 down 2.11%
2022.06.16 13:47
India stocks lower at close of trade; Nifty 50 down 2.11%
Investing.com – India stocks were lower after the close on Thursday, as losses in the Metals, Public Sector Undertakings and Real Estate sectors led shares lower.
At the close in NSE, the Nifty 50 declined 2.11% to hit a new 52-week low, while the BSE Sensex 30 index fell 1.99%.
The best performers of the session on the Nifty 50 were Nestle India Ltd (NS:NEST), which rose 0.43% or 71.70 points to trade at 16,874.00 at the close. Meanwhile, Britannia Industries Ltd (NS:BRIT) added 0.17% or 5.70 points to end at 3,391.10 and Hindustan Unilever Ltd. (NS:HLL) was up 0.01% or 0.15 points to 2,146.70 in late trade.
The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 6.03% or 57.85 points to trade at 901.70 at the close. Hindalco Industries Ltd. (NS:HALC) declined 5.99% or 21.40 points to end at 336.10 and Coal India Ltd (NS:COAL) was down 5.34% or 10.15 points to 179.90.
The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 0.30% to 16,872.80, Asian Paints Ltd. (BO:ASPN) which was down 0.12% to settle at 2,657.45 and Hindustan Unilever Ltd. (BO:HLL) which lost 0.19% to close at 2,146.40.
The worst performers were Tata Steel Ltd (BO:TISC) which was down 6.04% to 901.70 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 4.37% to settle at 975.50 and Bharti Airtel Ltd (BO:BRTI) which was down 4.11% to 653.95 at the close.
Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1651 to 203 and 22 ended unchanged; on the Bombay Stock Exchange, 2650 fell and 607 advanced, while 99 ended unchanged.
Shares in Tata Steel Ltd (NS:TISC) fell to 52-week lows; down 6.03% or 57.85 to 901.70. Shares in Hindalco Industries Ltd. (NS:HALC) fell to 52-week lows; falling 5.99% or 21.40 to 336.10. Shares in Tata Steel Ltd (BO:TISC) fell to 52-week lows; losing 6.04% or 58.00 to 901.70. Shares in Tech Mahindra Ltd (BO:TEML) fell to 52-week lows; down 4.37% or 44.55 to 975.50.
The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.25% to 22.87.
Gold Futures for August delivery was up 0.18% or 3.20 to $1,822.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.95% or 1.09 to hit $114.22 a barrel, while the August Brent oil contract fell 1.04% or 1.23 to trade at $117.28 a barrel.
USD/INR was up 0.23% to 78.07, while EUR/INR fell 0.52% to 81.18.
The US Dollar Index Futures was down 0.01% at 104.92.
