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India shares lower at close of trade; Nifty 50 down 0.74%

Published 22/05/2020, 08:45 pm
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.74%
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Investing.com – India equities were lower at the close on Friday, as losses in the Banking, Metals and Real Estate sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.74%, while the BSE Sensex 30 index declined 0.84%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 7.11% or 10.95 points to trade at 164.90 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) added 4.43% or 18.10 points to end at 426.40 and Cipla Ltd. (NS:CIPL) was up 3.31% or 20.40 points to 637.00 in late trade.

Biggest losers included AXIS Bank Ltd (NS:AXBK), which lost 5.21% or 18.60 points to trade at 338.60 in late trade. Housing Development Finance Corporation Ltd (NS:HDFC) declined 5.10% or 81.45 points to end at 1515.85 and Bajaj Finserv Ltd (NS:BJFS) shed 4.61% or 209.20 points to 4330.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.30% to 425.90, Infosys Ltd (BO:INFY) which was up 2.98% to settle at 692.00 and Asian Paints Ltd. (BO:ASPN) which gained 2.60% to close at 1616.00.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 5.32% to 338.30 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 4.99% to settle at 1516.55 and Bajaj Finance Ltd (BO:BJFN) which was down 4.67% to 1895.95 at the close.

Declining stocks outnumbered rising ones by 900 to 575 and 102 ended unchanged; on the Bombay Stock Exchange, 1267 fell and 920 advanced, while 148 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.84% to 32.3775 a new 1-month low.

In commodities trading, Gold Futures for June delivery was up 0.84% or 14.55 to $1736.45 a troy ounce. Meanwhile, Crude oil for delivery in July fell 6.22% or 2.11 to hit $31.81 a barrel, while the July Brent oil contract fell 4.96% or 1.79 to trade at $34.27 a barrel.

USD/INR was up 0.38% to 75.897, while EUR/INR fell 0.05% to 82.7465.

The US Dollar Index Futures was up 0.38% at 99.785.

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