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India shares lower at close of trade; Nifty 50 down 0.37%

Published 08/06/2022, 11:45
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.37%
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Investing.com – India equities were lower at the close on Wednesday, as losses in the Fast Moving Consumer Goods, Oil & Gas and Carbon sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.37%, while the BSE Sensex 30 index declined 0.39%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 1.71% or 18.25 points to trade at 1,086.75 at the close. State Bank Of India (NS:SBI) added 1.70% or 7.90 points to end at 471.30 and Titan Company Ltd (NS:TITN) was up 1.34% or 28.05 points to 2,128.85 in late trade.

Biggest losers included Bharti Airtel Ltd. (NS:BRTI), which lost 3.21% or 22.00 points to trade at 663.30 in late trade. ITC Ltd (NS:ITC) declined 2.19% or 6.00 points to end at 267.90 and UPL Ltd (NS:UPLL) shed 1.77% or 13.20 points to 733.00.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 1.70% to 1,086.75, State Bank Of India (BO:SBI) which was up 1.66% to settle at 471.05 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 1.52% to close at 4,205.10.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 3.31% to 663.20 in late trade, ITC Ltd (BO:ITC) which lost 2.03% to settle at 268.25 and Reliance Industries Ltd (BO:RELI) which was down 1.74% to 2,724.30 at the close.

Declining stocks outnumbered rising ones by 1054 to 764 and 59 ended unchanged; on the Bombay Stock Exchange, 1712 fell and 1495 advanced, while 109 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.88% to 19.84 a new 1-month low.

In commodities trading, Gold Futures for August delivery was down 0.12% or 2.20 to $1,849.90 a troy ounce. Meanwhile, Crude oil for delivery in July rose 1.31% or 1.57 to hit $120.98 a barrel, while the August Brent oil contract rose 1.19% or 1.43 to trade at $122.00 a barrel.

USD/INR was down 0.31% to 77.69, while EUR/INR rose 0.26% to 83.29.

The US Dollar Index Futures was up 0.16% at 102.49.

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