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India shares lower at close of trade; Nifty 50 down 2.35%

Published 07/03/2022, 10:45
Updated 07/03/2022, 10:45
© Reuters.  India shares lower at close of trade; Nifty 50 down 2.35%

Investing.com – India equities were lower at the close on Monday, as losses in the Real Estate, Banking and Auto sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 2.35% to hit a new 6-month low, while the BSE Sensex 30 index declined 2.74%.

The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 13.13% or 21.70 points to trade at 186.95 at the close. Hindalco Industries Ltd. (NS:HALC) added 6.16% or 35.95 points to end at 619.75 and Coal India Ltd (NS:COAL) was up 4.25% or 7.70 points to 188.70 in late trade.

Biggest losers included IndusInd Bank Ltd. (NS:INBK), which lost 7.48% or 67.50 points to trade at 834.40 in late trade. AXIS Bank Ltd (NS:AXBK) declined 6.64% or 47.45 points to end at 667.55 and Maruti Suzuki India Ltd. (NS:MRTI) shed 6.60% or 478.25 points to 6,769.05.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 3.46% to 675.60, HCL Technologies Ltd (BO:HCLT) which was up 1.38% to settle at 1,153.70 and Tata Steel Ltd (BO:TISC) which gained 1.12% to close at 1,291.75.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 7.63% to 834.10 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 6.70% to settle at 667.25 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 6.56% to 6,769.00 at the close.

Declining stocks outnumbered rising ones by 1549 to 286 and 38 ended unchanged; on the Bombay Stock Exchange, 2544 fell and 813 advanced, while 131 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 4.91% to 29.33.

In commodities trading, Gold Futures for April delivery was up 1.97% or 38.80 to $2,005.40 a troy ounce. Meanwhile, Crude oil for delivery in April rose 6.28% or 7.26 to hit $122.94 a barrel, while the May Brent oil contract rose 6.33% or 7.48 to trade at $125.59 a barrel.

USD/INR was up 0.94% to 77.14, while EUR/INR unchanged 0.00% to 83.49.

The US Dollar Index Futures was up 0.65% at 99.32.

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