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India shares lower at close of trade; Nifty 50 down 0.16%

Published 13/05/2022, 11:45
Updated 13/05/2022, 11:45
© Reuters India shares lower at close of trade; Nifty 50 down 0.16%

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

At the close in NSE, the Nifty 50 lost 0.16% to hit a new 6-month low, while the BSE Sensex 30 index fell 0.26%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 8.60% or 32.00 points to trade at 404.30 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) added 3.82% or 32.50 points to end at 882.50 and Mahindra & Mahindra Ltd. (NS:MAHM) was up 2.80% or 24.25 points to 889.50 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS:HALC), which lost 4.40% or 17.85 points to trade at 388.00 in late trade. JSW Steel Ltd (NS:JSTL) declined 3.90% or 24.35 points to end at 600.45 and State Bank Of India (NS:SBI) shed 3.89% or 18.00 points to 444.65.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 3.76% to 882.10, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 2.78% to settle at 888.95 and Hindustan Unilever Ltd. (BO:HLL) which gained 2.49% to close at 2,194.35.

The worst performers were State Bank Of India (BO:SBI) which was down 3.76% to 445.05 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 2.65% to settle at 677.45 and NTPC Ltd (BO:NTPC) which was down 2.56% to 144.80 at the close.

Advancing stocks outnumbered falling ones by 1276 to 563 and 26 ended unchanged; on the Bombay Stock Exchange, 2113 rose and 1111 declined, while 131 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.21% to 23.49.

In commodities trading, Gold Futures for June delivery was down 0.49% or 8.95 to $1,815.65 a troy ounce. Meanwhile, Crude oil for delivery in June rose 1.81% or 1.92 to hit $108.05 a barrel, while the July Brent oil contract rose 1.81% or 1.94 to trade at $109.39 a barrel.

USD/INR was up 0.05% to 77.48, while EUR/INR rose 0.11% to 80.44.

The US Dollar Index Futures was down 0.07% at 104.82.

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