India shares lower at close of trade; Nifty 50 down 2.22%

  • Investing.com
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India shares lower at close of trade; Nifty 50 down 2.22%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Thursday, as losses in the Power , Metals and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 2.22% to hit a new 6-month low, while the BSE Sensex 30 index fell 2.14%.

The biggest gainers of the session on the Nifty 50 were Wipro Ltd (NS: WIPR ), which rose 0.40% or 1.90 points to trade at 473.80 at the close. Dr. Reddy’s Laboratories Ltd (NS: REDY ) fell 0.10% or 4.05 points to end at 3,880.00 and Tata Consultancy Services Ltd. (NS: TCS ) was down 0.10% or 3.35 points to 3,408.65 in late trade.

Biggest losers included Adani Ports and Special Economic Zone Ltd (NS: APSE ), which lost 6.13% or 46.60 points to trade at 713.30 in late trade. IndusInd Bank Ltd. (NS: INBK ) declined 5.79% or 53.45 points to end at 869.90 and Tata Steel Ltd (NS: TISC ) shed 4.12% or 48.00 points to 1,117.70.

The top performers on the BSE Sensex 30 were Wipro Ltd (BO: WIPR ) which rose 0.91% to 475.50, Dr. Reddy’s Laboratories Ltd (BO: REDY ) which was down 0.05% to settle at 3,884.20 and Tata Consultancy Services Ltd. (BO: TCS ) which lost 0.06% to close at 3,411.00.

The worst performers were IndusInd Bank Ltd. (BO: INBK ) which was down 5.82% to 869.45 in late trade, Tata Steel Ltd (BO: TISC ) which lost 4.13% to settle at 1,118.15 and Bajaj Finance Ltd (BO: BJFN ) which was down 3.76% to 5,588.00 at the close.

Declining stocks outnumbered rising ones by 1498 to 353 and 16 ended unchanged; on the Bombay Stock Exchange, 2523 fell and 725 advanced, while 85 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 6.41% to 24.26 a new 1-month high.

In commodities trading, Gold Futures for June delivery was down 0.34% or 6.30 to $1,847.40 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.78% or 1.88 to hit $103.83 a barrel, while the July Brent oil contract fell 1.80% or 1.93 to trade at $105.58 a barrel.

USD/INR was down 0.03% to 77.40, while EUR/INR fell 0.73% to 80.77.

The US Dollar Index Futures was up 0.56% at 104.46.

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