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Title: India stocks lower at close of trade; Nifty 50 down 2.64%

Writer: analysiswatchanalysiswatch


Jun 13, 2022 06:45AM ET


By: AnalysisWatch


Indian shares fell on Monday after the close of the stock market as losses in the IT, technology and metals sectors led stocks lower.


On the NSE, the Nifty 50 index fell 2.64% to a fresh six-month low, while the BSE Sensex 30 index lost 2.68%.


Nestle India Ltd was the best performer on the Nifty 50, rising 0.49% or 81.60 points to close at 16,856.50 points at the close of trade. Meanwhile, Bajaj Auto Ltd gained 0.08% or 3.00 points to close at 3,884.00, while Britannia Industries Ltd fell 0.03% or 0.85 points to 3,360.00 in late trade.


Bajaj Finserv Ltd was the worst performer, falling 7.08% or 867.45 points to close at 11,386.05 points in late trade. Bajaj Finance Ltd fell 5.46% or 309.25 points to close at 5,358.25 points, while IndusInd Bank Ltd declined 5.23% or 47.75 points to close at 865.45 points.


The worst performers were Bajaj Finserv Ltd, which fell 7.02% to 11,390.90 points in late trade, Bajaj Finance Ltd (BO:BJFN), which lost 5.44% to close at 5,359.55 points, and IndusInd Bank Ltd, which shed 5.27% to 864.20 points at the close of trade.


On the National Stock Exchange of India, falling shares outnumbered rising shares by 1 710 to 157, with 32 ending unchanged; on the Bombay Stock Exchange, 2 742 shares fell, 643 rose and 115 ended unchanged.


Shares of Bajaj Finserv Ltd. fell to their lowest in 52 weeks, losing 7.08% or 867.45 to 11,386.05; shares of Bajaj Finance Ltd. fell to their lowest in 52 weeks, losing 5.46% or 309.25 to 5,358.25. Bajaj Finserv Ltd. shares fell to their lowest in 52 weeks, losing 7.02% or 859.75 to 11,390.90; Bajaj Finance Ltd. shares fell to their lowest in 52 weeks, down 5.44% or 308.30 to 5,359.55.


India's VIX index, which measures the implied volatility of Nifty 50 options, rose 14.25% to 22.36.


Gold futures for August delivery fell by 0.82% or 15.40% to USD 1,860.10 per troy ounce. Elsewhere in commodities trading, crude oil for July delivery fell by 1.43% or 1.72% to USD 118.95 per barrel and the Brent contract for August delivery by 1.33% or 1.62% to USD 120.39 per barrel.


The US dollar/Norwegian currency exchange rate decreased by 0.14% to 78.04, while the Euro/Norwegian dollar exchange rate decreased by 0.56% to 81.68.

US dollar index futures rose by 0.55% to 104.58.

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