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India shares lower at close of trade; Nifty 50 down 1.44%

Published 2022/06/22, 12:45
© Reuters India shares lower at close of trade; Nifty 50 down 1.44%
NSEI
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NIFVIX
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BPCL
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HROM
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HLL
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HALC
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PGRD
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RELI
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TCS
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TISC
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UPLL
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WIPR
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BSESN
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BSEMET
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BSEPOWER
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BSEREAL
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Investing.com – India equities were lower at the close on Wednesday, as losses in the Metals, Real Estate and Power sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.44%, while the BSE Sensex 30 index fell 1.35%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 1.56% or 4.70 points to trade at 305.90 at the close. Hero MotoCorp Ltd (NS:HROM) added 0.87% or 21.80 points to end at 2,521.00 and Tata Consultancy Services Ltd. (NS:TCS) was up 0.34% or 11.00 points to 3,222.95 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS:HALC), which lost 6.72% or 22.80 points to trade at 316.45 in late trade. UPL Ltd (NS:UPLL) declined 6.20% or 40.55 points to end at 613.65 and Tata Steel Ltd (NS:TISC) shed 5.28% or 46.70 points to 838.10.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 0.31% to 3,222.00, Hindustan Unilever Ltd. (BO:HLL) which was up 0.18% to settle at 2,208.85 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.05% to close at 210.50.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 5.24% to 837.95 in late trade, Wipro Ltd (BO:WIPR) which lost 3.29% to settle at 411.25 and Reliance Industries Ltd (BO:RELI) which was down 3.07% to 2,505.20 at the close.

Declining stocks outnumbered rising ones by 1284 to 546 and 41 ended unchanged; on the Bombay Stock Exchange, 1994 fell and 1223 advanced, while 107 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.74% to 21.30.

In commodities trading, Gold Futures for August delivery was down 0.35% or 6.50 to $1,832.30 a troy ounce. Meanwhile, Crude oil for delivery in August fell 4.43% or 4.85 to hit $104.67 a barrel, while the August Brent oil contract fell 3.92% or 4.50 to trade at $110.15 a barrel.

USD/INR was up 0.23% to 78.33, while EUR/INR rose 0.26% to 82.43.

The US Dollar Index Futures was up 0.06% at 104.27.

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