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India shares lower at close of trade; Nifty 50 down 1.63%

Published 06/05/2022, 08:45 pm
© Reuters India shares lower at close of trade; Nifty 50 down 1.63%
NSEI
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NIFVIX
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AXBK
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BJFN
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BJFS
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DIVI
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HROM
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ITC
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PGRD
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SHCM
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TEML
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BSESN
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BSECD
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BSEMET
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BSEREAL
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Investing.com – India equities were lower at the close on Friday, as losses in the Real Estate, Metals and Consumer Durables sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.63% to hit a new 1-month low, while the BSE Sensex 30 index fell 1.56%.

The biggest gainers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 2.47% or 61.70 points to trade at 2,563.35 at the close. Tech Mahindra Ltd (NS:TEML) added 2.17% or 27.40 points to end at 1,290.75 and Power Grid Corporation of India Ltd (NS:PGRD) was up 1.99% or 4.65 points to 238.40 in late trade.

Biggest losers included Bajaj Finance Ltd (NS:BJFN), which lost 4.90% or 309.15 points to trade at 6,000.30 in late trade. Divi's Laboratories Ltd. (NS:DIVI) declined 4.58% or 199.95 points to end at 4,165.85 and Shree Cements Ltd. (NS:SHCM) shed 4.44% or 1,115.00 points to 23,973.65.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 2.21% to 1,291.50, Power Grid Corporation of India Ltd (BO:PGRD) which was up 1.88% to settle at 238.25 and ITC Ltd (BO:ITC) which gained 1.83% to close at 266.75.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 4.91% to 6,000.95 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 4.11% to settle at 673.20 and Bajaj Finserv Ltd (BO:BJFS) which was down 3.49% to 13,643.50 at the close.

Declining stocks outnumbered rising ones by 1481 to 347 and 28 ended unchanged; on the Bombay Stock Exchange, 2427 fell and 818 advanced, while 105 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.72% to 21.25.

In commodities trading, Gold Futures for June delivery was up 0.40% or 7.48 to $1,883.18 a troy ounce. Meanwhile, Crude oil for delivery in June rose 2.20% or 2.38 to hit $110.64 a barrel, while the July Brent oil contract rose 2.25% or 2.49 to trade at $113.39 a barrel.

USD/INR was up 0.46% to 76.86, while EUR/INR rose 0.94% to 81.38.

The US Dollar Index Futures was down 0.48% at 103.30.

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