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Title: India stocks lower at close of trade; Nifty 50 down 1.53%

Dec 17, 2021 05:45AM ET

By: AnalysisWatch

Indian offers were lower later the nearby on Friday as misfortunes in the land, banking, and auto areas drove stocks lower.

At the close on the NSE, the Nifty 50 slipped 1.53 percent, while the BSE Sensex 30 index fell 1.54 percent.

Among the best performers on the Nifty 50 were Wipro Ltd., up 4.11% or 26.50 points, to close at 670.80. Meanwhile, Infosys Ltd gained 2.78%, or 49.25 points, to close at 1820.85, while HCL Technologies Ltd gained 1.00%, or 11.65 points, to 1171.40 in late trade.

IndusInd Bank Ltd was the worst performer, falling 4.88%, or 45.30 points, to close at 883.00 in late trade. Tata Motors Ltd fell 4.42%, or 21.75 points, to close at 470.20, and Oil and Natural Gas Corporation Ltd fell 4.09%, or 5.95 points, to 139.40.

On the Indian National Stock Exchange, losses outweighed gains with 1463 to 336 and 23 ended unchanged; on the Bombay Stock Exchange, 2217 shares fell, 1027 rose, and 95 ended unchanged.

Infosys Ltd shares rose 2.84%, or 50.30, to 1821.70, hitting an all-time high.

The India VIX, which measures the implied volatility of Nifty 50 options, rose 2.78% to 16.3375.

Gold futures for February delivery rose 0.59%, or 10.55 per ounce, to $1808.75. Elsewhere in commodity trading, crude oil for delivery in January fell 2.02% or 1.46 to $70.92 a barrel, while the February Brent oil contract fell 1.96% or 1.47 to $73.55 a barrel.

USD/INR fell 0.19% to 76.012, while EUR/INR fell 0.14% to 86.1465.

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