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India stocks lower at close of trade; Nifty 50 down 0.74%

imageStock Markets2 hours ago (May 22, 2020 07:01AM ET)

(C) Reuters. India stocks lower at close of trade; Nifty 50 down 0.74%

Investing.com – India stocks were lower after the close on Friday, as losses in the Banking, Metals and Real Estate sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.74%, while the BSE Sensex 30 index declined 0.84%.

The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 7.11% or 10.95 points to trade at 164.90 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 4.43% or 18.10 points to end at 426.40 and Cipla Ltd. (NS:CIPL) was up 3.31% or 20.40 points to 637.00 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 5.21% or 18.60 points to trade at 338.60 at the close. Housing Development Finance Corporation Ltd (NS:HDFC) declined 5.10% or 81.45 points to end at 1515.85 and Bajaj Finserv Ltd (NS:BJFS) was down 4.61% or 209.20 points to 4330.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.30% to 425.90, Infosys Ltd (BO:INFY) which was up 2.98% to settle at 692.00 and Asian Paints Ltd. (BO:ASPN) which gained 2.60% to close at 1616.00.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 5.32% to 338.30 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 4.99% to settle at 1516.55 and Bajaj Finance Ltd (BO:BJFN) which was down 4.67% to 1895.95 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 900 to 575 and 102 ended unchanged; on the Bombay Stock Exchange, 1267 fell and 920 advanced, while 148 ended unchanged.

Shares in Cipla Ltd. (NS:CIPL) rose to 52-week highs; gaining 3.31% or 20.40 to 637.00. Shares in Bajaj Finserv Ltd (NS:BJFS) fell to 52-week lows; losing 4.61% or 209.20 to 4330.00. Shares in Bajaj Finance Ltd (BO:BJFN) fell to 52-week lows; falling 4.67% or 92.90 to 1895.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.84% to 32.3775 a new 1-month low.

Gold Futures for June delivery was up 0.84% or 14.55 to $1736.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 6.22% or 2.11 to hit $31.81 a barrel, while the July Brent oil contract fell 4.96% or 1.79 to trade at $34.27 a barrel.

USD/INR was up 0.38% to 75.897, while EUR/INR fell 0.04% to 82.7510.

The US Dollar Index Futures was up 0.38% at 99.782.

India stocks lower at close of trade; Nifty 50 down 0.74%

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