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India shares lower at close of trade; Nifty 50 down 0.44%

Published 2023-03-23, 06:45 a/m
Updated 2023-03-23, 06:45 a/m
© Reuters India shares lower at close of trade; Nifty 50 down 0.44%

Investing.com – India equities were lower at the close on Thursday, as losses in the Real Estate, Banking and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.44%, while the BSE Sensex 30 index fell 0.50%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 1.49% or 5.85 points to trade at 398.60 at the close. Maruti Suzuki India Ltd. (NS:MRTI) added 1.22% or 100.80 points to end at 8,353.20 and Nestle India Ltd (NS:NEST) was up 1.19% or 224.75 points to 19,044.45 in late trade.

Biggest losers included State Bank Of India (NS:SBI), which lost 1.69% or 8.80 points to trade at 512.75 in late trade. Bajaj Auto Ltd (NS:BAJA) declined 1.55% or 61.00 points to end at 3,862.95 and HCL Technologies Ltd (NS:HCLT) shed 1.50% or 16.20 points to 1,065.25.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 1.25% to 19,050.35, Maruti Suzuki India Ltd. (BO:MRTI) which was up 1.07% to settle at 8,339.65 and Bharti Airtel Ltd (BO:BRTI) which gained 0.99% to close at 762.55.

The worst performers were State Bank Of India (BO:SBI) which was down 1.69% to 512.70 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 1.49% to settle at 2,797.40 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 1.49% to 1,679.15 at the close.

Declining stocks outnumbered rising ones by 1200 to 715 and 62 ended unchanged; on the Bombay Stock Exchange, 1960 fell and 1419 advanced, while 125 ended unchanged on the India National Stock Exchange.

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The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.14% to 14.49.

In commodities trading, Gold Futures for April delivery was up 1.69% or 32.95 to $1,982.55 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.90% or 0.64 to hit $70.26 a barrel, while the May Brent oil contract fell 0.69% or 0.53 to trade at $76.16 a barrel.

USD/INR was down 0.29% to 82.26, while EUR/INR fell 0.11% to 89.46.

The US Dollar Index Futures was up 0.03% at 102.01.

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