India stocks lower at close of trade; Nifty 50 down 1.04%

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXNPEC6B0BA_M.jpg

At the close in NSE, the Nifty 50 declined 1.04%, while the BSE Sensex 30 index lost 1.25%.

The best performers of the session on the Nifty 50 were GAIL Ltd (NS:GAIL), which rose 2.38% or 3.15 points to trade at 135.50 at the close. Meanwhile, Grasim Industries Ltd (NS:GRAS) added 2.27% or 32.30 points to end at 1454.90 and UPL Ltd (NS:UPLL) was up 2.21% or 13.90 points to 641.85 in late trade.

The worst performers of the session were Housing Development Finance Corporation Ltd (NS:HDFC), which fell 4.13% or 107.55 points to trade at 2498.10 at the close. HDFC Bank Ltd (NS:HDBK) declined 3.86% or 60.05 points to end at 1493.65 and Power Grid Corporation of India Ltd (NS:PGRD) was down 2.58% or 5.70 points to 215.65.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 1.82% to 218.50, Bajaj Finserv Ltd (BO:BJFS) which was up 1.80% to settle at 9667.80 and Hindustan Unilever Ltd. (BO:HLL) which gained 1.36% to close at 2430.80.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 4.06% to 2498.95 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 3.86% to settle at 1493.55 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.71% to 215.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 870 to 786 and 64 ended unchanged; on the Bombay Stock Exchange, 1422 fell and 1347 advanced, while 191 ended unchanged.

Shares in Grasim Industries Ltd (NS:GRAS) rose to all time highs; gaining 2.27% or 32.30 to 1454.90. Shares in UPL Ltd (NS:UPLL) rose to 52-week highs; up 2.21% or 13.90 to 641.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.78% to 20.6450.

Gold Futures for June delivery was up 0.14% or 2.40 to $1688.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.28% or 0.17 to hit $60.38 a barrel, while the June Brent oil contract fell 0.33% or 0.21 to trade at $63.96 a barrel.

USD/INR was down 0.44% to 73.117, while EUR/INR fell 0.31% to 85.7655.

The US Dollar Index Futures was down 0.09% at 93.233.