India stocks lower at close of trade; Nifty 50 down 0.07%

Stock Markets20 minutes ago (Jun 08, 2021 06:45AM ET)

(C) Reuters. India stocks lower at close of trade; Nifty 50 down 0.07% – India stocks were lower after the close on Tuesday, as losses in the Metals, Banking and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.07%, while the BSE Sensex 30 index lost 0.10%.

The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 2.26% or 23.35 points to trade at 1057.75 at the close. Meanwhile, Tata Motors Ltd (NS:TAMO) added 2.10% or 7.25 points to end at 352.75 and Bharti Airtel Ltd. (NS:BRTI) was up 1.93% or 10.35 points to 546.80 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 1.84% or 7.25 points to trade at 387.75 at the close. Tata Steel Ltd (NS:TISC) declined 1.56% or 17.60 points to end at 1111.10 and Housing Development Finance Corporation Ltd (NS:HDFC) was down 1.21% or 31.25 points to 2554.50.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 2.53% to 1058.55, Bharti Airtel Ltd (BO:BRTI) which was up 1.91% to settle at 546.80 and HCL Technologies Ltd (BO:HCLT) which gained 1.83% to close at 967.05.

The worst performers were State Bank Of India (BO:SBI) which was down 1.21% to 427.15 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 1.18% to settle at 2554.30 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 1.11% to 1796.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 931 to 769 and 31 ended unchanged; on the Bombay Stock Exchange, 1755 rose and 1309 declined, while 126 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to 3-years highs; gaining 2.10% or 7.25 to 352.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.20% to 15.2250 a new 52-week low.

Gold Futures for August delivery was down 0.13% or 2.55 to $1896.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.74% or 0.51 to hit $68.72 a barrel, while the August Brent oil contract fell 0.78% or 0.56 to trade at $70.93 a barrel.

USD/INR was up 0.13% to 72.880, while EUR/INR rose 0.00% to 88.7210.

The US Dollar Index Futures was up 0.13% at 90.065.

India stocks lower at close of trade; Nifty 50 down 0.07%

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