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India shares lower at close of trade; Nifty 50 down 1.79%

Published 24/03/2021, 09:45 pm
© Reuters.  India shares lower at close of trade; Nifty 50 down 1.79%
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Investing.com – India equities were lower at the close on Wednesday, as losses in the Real Estate, Metals and Auto sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.79%, while the BSE Sensex 30 index lost 1.74%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL), which rose 1.92% or 14.90 points to trade at 791.00 at the close. Asian Paints Ltd. (NS:ASPN) added 1.40% or 33.70 points to end at 2444.00 and Power Grid Corporation of India Ltd (NS:PGRD) was up 0.82% or 1.80 points to 220.80 in late trade.

Biggest losers included Tata Steel Ltd (NS:TISC), which lost 4.74% or 35.15 points to trade at 706.00 in late trade. Tata Motors Ltd (NS:TAMO) declined 4.12% or 12.65 points to end at 294.75 and Adani Port and Special Economic Zone Ltd (NS:APSE) shed 4.12% or 30.40 points to 708.15.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 1.44% to 2444.20, Power Grid Corporation of India Ltd (BO:PGRD) which was up 0.98% to settle at 221.30 and HCL Technologies Ltd (BO:HCLT) which lost 0.49% to close at 975.90.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 3.97% to 811.15 in late trade, State Bank Of India (BO:SBI) which lost 3.38% to settle at 359.90 and AXIS Bank Ltd. (BO:AXBK) which was down 3.33% to 706.45 at the close.

Declining stocks outnumbered rising ones by 1278 to 372 and 63 ended unchanged; on the Bombay Stock Exchange, 2041 fell and 818 advanced, while 159 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.66% to 22.4550.

In commodities trading, Gold Futures for April delivery was up 0.32% or 5.55 to $1730.65 a troy ounce. Meanwhile, Crude oil for delivery in May rose 2.25% or 1.30 to hit $59.06 a barrel, while the May Brent oil contract rose 2.12% or 1.29 to trade at $62.08 a barrel.

USD/INR was up 0.15% to 72.656, while EUR/INR fell 0.08% to 85.8855.

The US Dollar Index Futures was up 0.18% at 92.517.

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