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India shares lower at close of trade; Nifty 50 down 0.98%

Published 2022-03-21, 06:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.98%
NSEI
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NIFVIX
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ASPN
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BRIT
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COAL
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GRAS
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HDBK
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HALC
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MRTI
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PGRD
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SUN
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TACN
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ULTC
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UPLL
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BSESN
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BSESCGIP
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BSEPOWER
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BSEBANK
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Investing.com – India equities were lower at the close on Monday, as losses in the Power, Fast Moving Consumer Goods and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.98%, while the BSE Sensex 30 index lost 0.99%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 3.26% or 5.75 points to trade at 182.30 at the close. Hindalco Industries Ltd. (NS:HALC) added 2.28% or 13.15 points to end at 589.95 and UPL Ltd (NS:UPLL) was up 1.88% or 14.30 points to 775.90 in late trade.

Biggest losers included Britannia Industries Ltd (NS:BRIT), which lost 3.53% or 118.40 points to trade at 3,237.55 in late trade. Grasim Industries Ltd (NS:GRAS) declined 3.14% or 50.85 points to end at 1,569.00 and Tata Consumer Products Ltd (NS:TACN) shed 3.08% or 23.80 points to 748.50.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 0.41% to 914.45, HDFC Bank Ltd (BO:HDBK) which was up 0.39% to settle at 1,486.05 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 0.15% to close at 7,703.50.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.93% to 205.30 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 2.85% to settle at 3,045.75 and UltraTech Cement Ltd (BO:ULTC) which was down 2.81% to 6,193.85 at the close.

Declining stocks outnumbered rising ones by 1079 to 760 and 44 ended unchanged; on the Bombay Stock Exchange, 1889 fell and 1521 advanced, while 148 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.90% to 24.62.

In commodities trading, Gold Futures for April delivery was down 0.16% or 3.10 to $1,926.20 a troy ounce. Meanwhile, Crude oil for delivery in May rose 4.20% or 4.33 to hit $107.42 a barrel, while the May Brent oil contract rose 3.87% or 4.18 to trade at $112.11 a barrel.

USD/INR was up 0.34% to 76.20, while EUR/INR rose 0.17% to 84.22.

The US Dollar Index Futures was up 0.04% at 98.27.

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