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Title: India stocks lower at close of trade; Nifty 50 down 0.56%


Nov 17, 2021 05:45AM ET


By: AnalysisWatch


Indian stocks were down at the close on Wednesday as losses in the real estate, oil and gas and banking sectors led shares lower.


At the close on the NSE, the Nifty 50 was down 0.56%, while the BSE Sensex 30 index was down 0.52%.


Maruti Suzuki India Ltd., which gained 2.79%, or 224.40 points, to close at 8274.75 points, was among the best performers on the Nifty 50.Meanwhile, Asian Paints Ltd. rose 2.49% or 78.55 points to close at 3230.25 and SBI Life Insurance Company Ltd. rose 2.35% or 27.05 points to 1180.05 in late trade.


The worst performer was UPL Ltd, which fell 3.13% or 24.45 points to close at 755.60.Reliance Industries Ltd. dropped 2.14% or 53.90 points to close at 2464.00, while Cipla Ltd. dropped 2.09% or 19.25 points to close at 902.50.


Among the top gainers on the BSE Sensex 30 were Maruti Suzuki India Ltd. which rose 2.77% to close at 8273.00 points, Asian Paints Ltd. , up 2.47% at 3229.80, and Power Grid Corporation of India Ltd., which gained 2.08% to close at 191.15.


The worst performers were AXIS Bank Ltd., which fell 1.95% to 712.15 in late trade, Reliance Industries Ltd. (BO: RELI), which lost 1.91% to close at 2464.05, and Kotak Mahindra Bank Ltd., which fell 1.51% to close at 2051.50 at the close of trade.


On the Indian National Stock Exchange, losses outweighed gains by 1065 to 687, and 47 ended unchanged. On the Bombay Stock Exchange, 1791 shares fell, 1461 rose, and 107 ended unchanged.


Maruti Suzuki India Ltd. hit a three-year high, rising 2.79% or 224.40 to 8274.75, while shares of Maruti Suzuki India Ltd. hit a 3-year high and rose 2.77% or 223.35 to 8273.00.

India's VIX, which measures the implied volatility of Nifty 50 options, fell 1.41% to 14.9800, a new 1-month low.

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