Title: India stocks lower at close of trade; Nifty 50 down 1.07%

Jan 18, 2022 05:45AM ET

By: AnalysisWatch

Indian stocks were lower after the nearby on Tuesday as misfortunes in the land, auto, and metal areas drove shares lower.

At the nearby on the NSE, the Nifty 50 slipped 1.07% while the BSE Sensex 30 file fell 0.90%

AXIS Bank Ltd was the best performer on the Nifty 50, rising 1.76%, or 12.55 points, to close at 725.20 points. HDFC Bank Ltd gained 0.51%, or 7.75 points, to close at 1529.25, while ICICI Bank Ltd rose 0.46%, or 3.80 points, to 823.10 in late trade.

Tata Consumer Products Ltd was the worst performer, falling 4.40%, or 33.65 points, to close at 731.45 in late trade. Maruti Suzuki India Ltd dropped 4.24%, or 350.35 points, to 7915.15, while UltraTech Cement Ltd fell 3.81%, or 300.10 points, to 7570.00.

The top gainers on the BSE Sensex 30 were AXIS Bank Ltd., up 1.83% at 725.60, HDFC Bank Ltd., up 0.53% at 1529.60, and ICICI Bank Ltd., up 0.48% at 823.35.

Maruti Suzuki India Ltd was the worst performer, falling 4.05% to 7930.25 in late trade. UltraTech Cement Ltd lost 3.83% to close at 7566.25 and Tech Mahindra Ltd lost 3.54% to 1660.65 at the close of trade.

On the Indian National Stock Exchange, losses outweighed gains with 1396 to 412 and 25 ended unchanged; on the Bombay Stock Exchange, 2205 shares fell, 1104 rose and 80 ended unchanged.

The Indian VIX, which measures the implied volatility of Nifty 50 options, rose 6.05% to 17.7200.