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

© Reuters. India stocks lower at close of trade; Nifty 50 down 2.22%

AiVIF.com – India stocks were lower after the close on Thursday, as losses in the Power, Metals and Banking sectors led shares lower.

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

The best performers 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. Meanwhile, 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.

The worst performers of the session were Adani Ports and Special Economic Zone Ltd (NS:APSE), which fell 6.13% or 46.60 points to trade at 713.30 at the close. IndusInd Bank Ltd. (NS:INBK) declined 5.79% or 53.45 points to end at 869.90 and Tata Steel Ltd (NS:TISC) was down 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.

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

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

Gold Futures for June delivery was down 0.35% or 6.40 to $1,847.30 a troy ounce. Elsewhere in commodities trading, 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.