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India shares lower at close of trade; Nifty 50 down 1.08%

Published 2021-03-04, 05:45 a/m
Updated 2021-03-04, 05:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 1.08%

Investing.com – India equities were lower at the close on Thursday, as losses in the Metals, Banking and Carbon sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.08%, while the BSE Sensex 30 index fell 1.16%.

The biggest gainers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 4.23% or 275.05 points to trade at 6775.55 at the close. Shree Cements Ltd. (NS:SHCM) added 3.54% or 981.35 points to end at 28676.60 and Adani Port and Special Economic Zone Ltd (NS:APSE) was up 3.10% or 22.60 points to 752.45 in late trade.

Biggest losers included JSW Steel Ltd (NS:JSTL), which lost 3.28% or 14.05 points to trade at 414.10 in late trade. Hindalco Industries Ltd. (NS:HALC) declined 2.75% or 9.90 points to end at 349.45 and Housing Development Finance Corporation Ltd (NS:HDFC) shed 2.71% or 71.95 points to 2582.95.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 4.07% to 6763.90, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 1.56% to settle at 4571.00 and Asian Paints Ltd. (BO:ASPN) which gained 0.65% to close at 2417.90.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 2.62% to 2583.20 in late trade, State Bank Of India (BO:SBI) which lost 2.28% to settle at 395.80 and Bajaj Finserv Ltd (BO:BJFS) which was down 2.24% to 10154.60 at the close.

Advancing stocks outnumbered falling ones by 934 to 718 and 69 ended unchanged; on the Bombay Stock Exchange, 1552 rose and 1311 declined, while 183 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 up 9.33% to 24.1500.

In commodities trading, Gold Futures for April delivery was down 0.27% or 4.70 to $1711.10 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.67% or 0.41 to hit $60.87 a barrel, while the May Brent oil contract fell 0.62% or 0.40 to trade at $63.67 a barrel.

USD/INR was down 0.24% to 72.758, while EUR/INR fell 0.40% to 87.6155.

The US Dollar Index Futures was up 0.24% at 91.160.

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