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India shares lower at close of trade; Nifty 50 down 1.25%

Published 19/04/2022, 11:45
Updated 19/04/2022, 11:45
© Reuters India shares lower at close of trade; Nifty 50 down 1.25%

Investing.com – India equities were lower at the close on Tuesday, as losses in the IT, Fast Moving Consumer Goods and Technology sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.25% to hit a new 1-month low, while the BSE Sensex 30 index lost 1.23%.

The biggest gainers of the session on the Nifty 50 were Apollo Hospitals Enterprises Ltd. (NS:APLH), which rose 5.75% or 261.85 points to trade at 4,816.35 at the close. Coal India Ltd (NS:COAL) added 4.38% or 8.30 points to end at 197.75 and Reliance Industries Ltd (NS:RELI) was up 3.81% or 96.95 points to 2,640.80 in late trade.

Biggest losers included Housing Development Finance Corporation Ltd (NS:HDFC), which lost 5.45% or 123.30 points to trade at 2,140.20 in late trade. HDFC Life Insurance Company Ltd (NS:HDFL) declined 4.81% or 27.60 points to end at 546.70 and SBI Life Insurance Company Ltd (NS:SBIL) shed 4.15% or 48.70 points to 1,124.70.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 3.71% to 2,638.45, ICICI Bank Ltd (BO:ICBK) which was up 1.04% to settle at 766.65 and State Bank Of India (BO:SBI) which gained 0.44% to close at 511.65.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 5.50% to 2,138.65 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 3.73% to settle at 1,343.30 and Infosys Ltd (BO:INFY) which was down 3.55% to 1,563.95 at the close.

Declining stocks outnumbered rising ones by 1369 to 459 and 39 ended unchanged; on the Bombay Stock Exchange, 2101 fell and 1192 advanced, while 117 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 2.28% to 19.77.

In commodities trading, Gold Futures for June delivery was down 0.39% or 7.70 to $1,978.70 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.21% or 1.30 to hit $106.31 a barrel, while the June Brent oil contract fell 1.03% or 1.16 to trade at $112.00 a barrel.

USD/INR was up 0.29% to 76.51, while EUR/INR rose 0.43% to 82.56.

The US Dollar Index Futures was up 0.11% at 100.88.

Latest comments

As Nifty at crucial juncture if close below 16900 for 3 consecutive days we will be in bear market.
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