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Title: India stocks lower at close of trade; Nifty 50 down 0.26%

Jun 03, 2022 06:45AM ET

By: AnalysisWatch

Indian stocks were lower after the close on Friday as losses in the energy, auto, and consumer durables sectors led shares lower.

At the close on the NSE, the Nifty 50 was down 0.26%, while the BSE Sensex 30 index was down 0.09%.

The best performers on the Nifty 50 were Reliance Industries Ltd, which rose 2.03% or 55.20 points to trade at 2,779.50 at the close. Meanwhile, Infosys Ltd gained 0.91% or 13.70 points to close at 1,521.70, while Larsen & Toubro Ltd added 0.91% or 14.90 points to 1,652.05 in late trade.

Grasim Industries Ltd. was the worst performer, falling 6.50%, or 93.10 points, to close at 1,339.45 points in late trade. 5.48%, or 329.00 points, to close at 5,678.85 and Shree Cements Ltd. dropped 4.61%, or 996.75 points, to 20,638.00.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd., up 2.02% to 2,779.50 points; Infosys Ltd., up 0.94% to close at 1,522.00 points; and Larsen & Toubro Ltd., up 0.85% to close at 1,651.60 points.

UltraTech Cement Ltd was the worst performer, falling 5.49% to 5,677.40 in late trade. Maruti Suzuki India Ltd lost 2.71% to close at 7,709.85 and NTPC Ltd fell 2.51% to 155.05 at the close.

Losses outweighed gains on the India National Stock Exchange by 1249 to 585, with 46 remaining unchanged; on the Bombay Stock Exchange, 1907 shares fell and 1314 rose, with 127 remaining unchanged.

Shares of Grasim Industries Ltd fell to a 52-week low, losing 6.50% or 93.10 to 1,339.45; shares of UltraTech Cement Ltd fell to a 52-week low, dropping 5.48% or 329.00 to 5,678.85. Shares of Shree Cements Ltd fell to a 52-week low, down 4.61% or 996.75 to 20,638.00. UltraTech Cement Ltd shares fell to a 52-week low of 5,677.40, down 5.49% or 329.95.

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