India stocks lower at close of trade; Nifty 50 down 3.53%

imageStock Markets10 minutes ago (Apr 12, 2021 06:45AM ET)

(C) Reuters India stocks lower at close of trade; Nifty 50 down 3.53% – India stocks were lower after the close on Monday, as losses in the Real Estate, Public Sector Undertakings and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 fell 3.53% to hit a new 1-month low, while the BSE Sensex 30 index declined 3.44%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 7.09% or 337.70 points to trade at 5098.00 at the close. Meanwhile, Cipla Ltd. (NS:CIPL) added 2.71% or 23.95 points to end at 907.00 and Divi’s Laboratories Ltd. (NS:DIVI) was up 1.14% or 42.65 points to 3795.00 in late trade.

The worst performers of the session were Tata Motors Ltd (NS:TAMO), which fell 9.65% or 30.70 points to trade at 287.50 at the close. Adani Port and Special Economic Zone Ltd (NS:APSE) declined 8.94% or 73.60 points to end at 750.00 and IndusInd Bank Ltd. (NS:INBK) was down 8.57% or 79.15 points to 844.50.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 4.83% to 4989.20, Nestle India Ltd (BO:NEST) which was down 0.46% to settle at 17500.00 and Hindustan Unilever Ltd. (BO:HLL) which lost 0.62% to close at 2460.55.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 8.60% to 844.40 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 7.39% to settle at 4512.95 and State Bank Of India (BO:SBI) which was down 6.87% to 328.80 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1580 to 127 and 40 ended unchanged; on the Bombay Stock Exchange, 2395 fell and 476 advanced, while 168 ended unchanged.

Shares in Cipla Ltd. (NS:CIPL) rose to all time highs; up 2.71% or 23.95 to 907.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 16.22% to 22.9950 a new 1-month high.

Gold Futures for June delivery was down 0.20% or 3.45 to $1741.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.13% or 0.67 to hit $59.99 a barrel, while the June Brent oil contract rose 1.24% or 0.78 to trade at $63.73 a barrel.

USD/INR was up 0.49% to 75.088, while EUR/INR rose 0.60% to 89.4485.

The US Dollar Index Futures was down 0.11% at 92.055.

India stocks lower at close of trade; Nifty 50 down 3.53%

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