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India shares lower at close of trade; Nifty 50 down 0.40%

Published 2022/03/23, 12:45
© Reuters India shares lower at close of trade; Nifty 50 down 0.40%

Investing.com – India equities were lower at the close on Wednesday, as losses in the Banking, Auto and Capital Goods sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.40%, while the BSE Sensex 30 index declined 0.53%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 2.53% or 15.00 points to trade at 608.45 at the close. Divi's Laboratories Ltd. (NS:DIVI) added 2.36% or 105.00 points to end at 4,553.55 and Tata Steel Ltd (NS:TISC) was up 2.23% or 29.00 points to 1,331.00 in late trade.

Biggest losers included Housing Development Finance Corporation Ltd (NS:HDFC), which lost 2.35% or 56.45 points to trade at 2,346.30 in late trade. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 2.11% or 38.10 points to end at 1,769.75 and Bharti Airtel Ltd. (NS:BRTI) shed 1.99% or 14.30 points to 704.95.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 2.31% to 4,125.15, Tata Steel Ltd (BO:TISC) which was up 2.15% to settle at 1,330.50 and ITC Ltd (BO:ITC) which gained 0.86% to close at 251.95.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 2.36% to 2,346.20 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 2.25% to settle at 1,767.95 and Bharti Airtel Ltd (BO:BRTI) which was down 1.97% to 705.05 at the close.

Declining stocks outnumbered rising ones by 1076 to 730 and 47 ended unchanged; on the Bombay Stock Exchange, 1882 fell and 1411 advanced, while 121 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.81% to 24.75.

In commodities trading, Gold Futures for April delivery was up 0.61% or 11.70 to $1,933.20 a troy ounce. Meanwhile, Crude oil for delivery in May rose 2.39% or 2.61 to hit $111.88 a barrel, while the May Brent oil contract rose 2.70% or 3.12 to trade at $118.60 a barrel.

USD/INR was up 0.31% to 76.34, while EUR/INR rose 0.05% to 84.00.

The US Dollar Index Futures was up 0.15% at 98.68.

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