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India shares lower at close of trade; Nifty 50 down 0.51%

Published 2023-02-28, 05:45 a/m
© Reuters India shares lower at close of trade; Nifty 50 down 0.51%

Investing.com – India equities were lower at the close on Tuesday, as losses in the Metals, Oil & Gas and Healthcare sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.51% to hit a new 3-month low, while the BSE Sensex 30 index declined 0.55%.

The biggest gainers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 14.27% or 170.35 points to trade at 1,363.85 at the close. Adani Ports and Special Economic Zone Ltd (NS:APSE) added 5.42% or 30.45 points to end at 592.45 and Asian Paints Ltd. (NS:ASPN) was up 2.87% or 78.90 points to 2,828.80 in late trade.

Biggest losers included Cipla Ltd. (NS:CIPL), which lost 4.61% or 43.80 points to trade at 906.40 in late trade. Hindalco Industries Ltd. (NS:HALC) declined 3.06% or 12.60 points to end at 399.20 and Dr. Reddy’s Laboratories Ltd (NS:REDY) shed 2.36% or 104.40 points to 4,316.60.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 3.03% to 2,833.00, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 1.79% to settle at 1,279.85 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 1.32% to close at 222.25.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 2.35% to 4,311.25 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.03% to settle at 103.95 and Reliance Industries Ltd (BO:RELI) which was down 1.99% to 2,321.95 at the close.

Advancing stocks outnumbered falling ones by 979 to 927 and 61 ended unchanged; on the Bombay Stock Exchange, 1665 rose and 1657 declined, while 136 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.05% to 14.02.

In commodities trading, Gold Futures for April delivery was down 0.50% or 9.20 to $1,815.70 a troy ounce. Meanwhile, Crude oil for delivery in April rose 1.31% or 0.99 to hit $76.67 a barrel, while the May Brent oil contract rose 1.10% or 0.90 to trade at $82.94 a barrel.

USD/INR was down 0.03% to 82.62, while EUR/INR fell 0.01% to 87.65.

The US Dollar Index Futures was up 0.03% at 104.65.

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