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India shares lower at close of trade; Nifty 50 down 2.29%

Published 2022-05-04, 06:45 a/m
India shares lower at close of trade; Nifty 50 down 2.29%
NSEI
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NIFVIX
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APLH
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BJFN
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BJFS
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BRIT
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HALC
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KTKM
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APSE
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NTPC
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ONGC
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PGRD
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TITN
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BSESN
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BSECD
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BSEREAL
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BSEGRNX
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Investing.com – India equities were lower at the close on Wednesday, as losses in the Consumer Durables, Real Estate and Green Energy sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 2.29% to hit a new 1-month low, while the BSE Sensex 30 index declined 2.29%.

The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 3.77% or 5.90 points to trade at 162.25 at the close. Britannia Industries Ltd (NS:BRIT) added 3.49% or 114.15 points to end at 3,385.45 and Power Grid Corporation of India Ltd (NS:PGRD) was up 2.61% or 6.05 points to 237.60 in late trade.

Biggest losers included Apollo Hospitals Enterprises Ltd. (NS:APLH), which lost 6.77% or 291.45 points to trade at 4,013.30 in late trade. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 5.11% or 43.75 points to end at 812.80 and Hindalco Industries Ltd. (NS:HALC) shed 4.70% or 22.75 points to 461.65.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.75% to 237.60, NTPC Ltd (BO:NTPC) which was up 0.73% to settle at 158.65 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 0.07% to close at 1,775.00.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 4.29% to 6,340.90 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 4.18% to settle at 14,325.40 and Titan Company Ltd (BO:TITN) which was down 4.11% to 2,288.40 at the close.

Declining stocks outnumbered rising ones by 1525 to 317 and 28 ended unchanged; on the Bombay Stock Exchange, 2463 fell and 801 advanced, while 98 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.86% to 21.88 a new 1-month high.

In commodities trading, Gold Futures for June delivery was down 0.04% or 0.72 to $1,869.88 a troy ounce. Meanwhile, Crude oil for delivery in June rose 3.97% or 4.07 to hit $106.48 a barrel, while the July Brent oil contract rose 3.93% or 4.13 to trade at $109.10 a barrel.

USD/INR was down 0.09% to 76.38, while EUR/INR fell 0.06% to 80.39.

The US Dollar Index Futures was down 0.06% at 103.43.

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