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India shares lower at close of trade; Nifty 50 down 0.20%

Published 28/03/2023, 09:45 pm
© Reuters India shares lower at close of trade; Nifty 50 down 0.20%

Investing.com – India equities were lower at the close on Tuesday, as losses in the Real Estate, Power and Oil & Gas sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.20%, while the BSE Sensex 30 index lost 0.07%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 2.01% or 14.05 points to trade at 714.70 at the close. IndusInd Bank Ltd. (NS:INBK) added 1.99% or 20.15 points to end at 1,033.00 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 0.92% or 41.15 points to 4,526.80 in late trade.

Biggest losers included Adani Enterprises Ltd (NS:ADEL), which lost 7.09% or 122.20 points to trade at 1,600.85 in late trade. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 5.67% or 35.70 points to end at 593.40 and Tech Mahindra Ltd (NS:TEML) shed 2.64% or 29.10 points to 1,073.90.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 2.33% to 1,036.00, Power Grid Corporation of India Ltd (BO:PGRD) which was up 1.20% to settle at 222.75 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 1.08% to close at 4,534.70.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.90% to 1,070.25 in late trade, Bharti Airtel Ltd (BO:BRTI) which lost 1.94% to settle at 747.05 and Wipro Ltd (BO:WIPR) which was down 1.40% to 356.30 at the close.

Declining stocks outnumbered rising ones by 1459 to 503 and 33 ended unchanged; on the Bombay Stock Exchange, 2414 fell and 999 advanced, while 99 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.23% to 15.10.

In commodities trading, Gold Futures for June delivery was up 0.21% or 4.10 to $1,975.60 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.44% or 0.32 to hit $73.13 a barrel, while the June Brent oil contract rose 0.27% or 0.21 to trade at $77.97 a barrel.

USD/INR was down 0.06% to 82.16, while EUR/INR rose 0.28% to 88.97.

The US Dollar Index Futures was down 0.23% at 102.28.

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