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India shares lower at close of trade; Nifty 50 down 2.06%

Published 03/04/2020, 09:45 pm
© Reuters.  India shares lower at close of trade; Nifty 50 down 2.06%
NSEI
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AXBK
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CIPL
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ICBK
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Investing.com – India equities were lower at the close on Friday, as losses in the Banking, Auto and IT sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 2.06%, while the BSE Sensex 30 index fell 2.39%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 9.58% or 32.90 points to trade at 376.45 at the close. Cipla Ltd. (NS:CIPL) added 8.28% or 34.25 points to end at 448.00 and ITC Ltd (NS:ITC) was up 6.67% or 11.10 points to 177.50 in late trade.

Biggest losers included AXIS Bank Ltd (NS:AXBK), which lost 8.85% or 31.75 points to trade at 326.90 in late trade. IndusInd Bank Ltd. (NS:INBK) declined 8.33% or 28.50 points to end at 313.75 and ICICI Bank Ltd (NS:ICBK) shed 7.44% or 23.15 points to 288.00.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 9.42% to 375.90, ITC Ltd (BO:ITC) which was up 6.88% to settle at 177.80 and Oil And Natural Gas Corporation Ltd (BO:ONGC) which gained 6.24% to close at 69.85.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 9.16% to 325.60 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 8.49% to settle at 313.25 and ICICI Bank Ltd (BO:ICBK) which was down 8.01% to 286.50 at the close.

Advancing stocks outnumbered falling ones by 775 to 716 and 104 ended unchanged; on the Bombay Stock Exchange, 1085 rose and 1046 declined, while 159 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.91% to 55.3025.

In commodities trading, Gold Futures for June delivery was down 0.51% or 8.40 to $1629.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 4.58% or 1.16 to hit $26.48 a barrel, while the June Brent oil contract rose 8.78% or 2.63 to trade at $32.57 a barrel.

USD/INR was down 0.45% to 76.050, while EUR/INR fell 0.86% to 82.2180.

The US Dollar Index Futures was up 0.45% at 100.725.

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