1 month ago
Stock Market

India stocks lower at close of trade; Nifty 50 down 0.00%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Fast Moving Consumer Goods, Oil&Gas

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Fast Moving Consumer Goods, Oil&Gas and Real Estate sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.00% to hit a new 1-month low, while the BSE Sensex 30 index fell 0.12%.

The best performers of the session on the Nifty 50 were ICICI Bank Ltd (NS:ICBK), which rose 6.21% or 21.55 points to trade at 365.90 at the close. Meanwhile, Tata Steel Ltd (NS:TISC) added 5.61% or 24.90 points to end at 467.45 and AXIS Bank Ltd (NS:AXBK) was up 4.58% or 30.25 points to 690.95 in late trade.

The worst performers of the session were Indiabulls Housing Finance Ltd (NS:INBF), which fell 4.81% or 33.60 points to trade at 672.90 at the close. Adani Port and Special Economic Zone Ltd (NS:APSE) declined 3.22% or 11.25 points to end at 338.15 and Bajaj Auto Ltd (NS:BAJA) was down 2.95% or 75.65 points to 2499.70.

The top performers on the BSE Sensex 30 were ICICI Bank Ltd (BO:ICBK) which rose 5.29% to 365.25, Tata Steel Ltd (BO:TISC) which was up 5.14% to settle at 467.60 and AXIS Bank Ltd. (BO:AXBK) which gained 4.56% to close at 690.90.

The worst performers were Bajaj Auto Ltd (BO:BAJA) which was down 2.65% to 2498.85 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 2.35% to settle at 1221.50 and Housing Development Finance Corporation Ltd (BO:HDFC) which was down 1.74% to 1885.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 874 to 696 and 64 ended unchanged; on the Bombay Stock Exchange, 1324 rose and 1083 declined, while 156 ended unchanged.

Shares in AXIS Bank Ltd (NS:AXBK) rose to all time highs; rising 4.58% or 30.25 to 690.95. Shares in AXIS Bank Ltd. (BO:AXBK) rose to all time highs; up 4.56% or 30.10 to 690.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.13% to 17.8500.

Gold Futures for February delivery was up 0.22% or 2.90 to $1311.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.53% or 0.28 to hit $53.59 a barrel, while the April Brent oil contract rose 0.52% or 0.32 to trade at $61.52 a barrel.

USD/INR was down 0.22% to 71.235, while EUR/INR fell 0.23% to 81.4010.

The US Dollar Index Futures was down 0.04% at 95.480.