India stocks lower at close of trade; Nifty 50 down 0.35%

Investing.com – India stocks were lower after the close on Tuesday, as losses in the Capital Goods, Auto and Banking sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.35%, while the BSE Sensex 30 index declined 0.53%.

The best performers of the session on the Nifty 50 were Divi's Laboratories Ltd. (NS:DIVI), which rose 3.09% or 121.10 points to trade at 4,037.00 at the close. Meanwhile, Adani Ports and Special Economic Zone Ltd (NS:APSE) added 2.97% or 31.15 points to end at 1,079.00 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 2.84% or 35.75 points to 1,296.00 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 3.56% or 143.85 points to trade at 3,894.50 at the close. UltraTech Cement Ltd (NS:ULTC) declined 2.47% or 258.90 points to end at 10,205.10 and Mahindra&Mahindra Ltd. (NS:MAHM) was down 2.43% or 41.45 points to 1,661.85.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 2.85% to 1,295.75, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 1.87% to settle at 5,927.70 and Bajaj Finance Ltd (BO:BJFN) which gained 1.76% to close at 7,427.20.

The worst performers were Mahindra&Mahindra Ltd. (BO:MAHM) which was down 2.78% to 1,656.30 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 2.56% to settle at 1,862.00 and UltraTech Cement Ltd (BO:ULTC) which was down 2.46% to 10,203.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1112 to 1006 and 47 ended unchanged; on the Bombay Stock Exchange, 1960 rose and 1708 declined, while 123 ended unchanged.

Shares in Divi's Laboratories Ltd. (NS:DIVI) rose to 52-week highs; up 3.09% or 121.10 to 4,037.00. Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to all time highs; up 2.84% or 35.75 to 1,296.00. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to all time highs; rising 2.85% or 35.85 to 1,295.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.68% to 14.58.

Gold Futures for February delivery was up 0.58% or 12.05 to $2,083.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.32% or 1.66 to hit $73.31 a barrel, while the March Brent oil contract rose 2.34% or 1.80 to trade at $78.84 a barrel.

USD/INR was up 0.11% to 83.32, while EUR/INR fell 0.51% to 91.67.

The US Dollar Index Futures was up 0.33% at 101.36.