India Stocks Ended Lower; Nifty 50 Down 0.13%

India Stocks Ended Lower; Nifty 50 Down 0.13%

On the India National Stock Exchange, declining stocks exceeded advancing ones by 875 to 785 and 64 ended unchanged. On the Bombay Stock Exchange, 1432 fell and 1418 rose, while 173 ended unchanged.

The Nifty 50 lost 0.13%, while the BSE Sensex 30 index fell 0.06% at the close in NSE.

On Tuesday, Indian stocks were lower after the close. Leading shares lower were losses in the Banking, Metals, and Real Estate sectors.

The session’s best performers on the Nifty 50 were Asian Paints Ltd. They rose 4.70% or 110.75 points to trade at 2465.75 at the close. 

Moreover, Dr. Reddy’s Laboratories Ltd gained 2.58% or 111.85 points to end at 4454.10. Also rising was Hindustan Unilever Ltd. stock, up 1.50% or 33.20 points to 2244.05 in late trade.

The session’s worst performers were Tata Steel Ltd. They fell 1.68% or 12.35 points to trade at 724.05 at the close. 

Cipla Ltd. dropped 1.64% or 13.20 points to end at 792.30. Also dropping was Larsen & Toubro Ltd, down 1.48% or 21.95 points to 1461.80.

On the BSE Sensex 30, the top performers were Asian Paints Ltd. rising 4.66% to 2465.75. Dr. Reddy’s Laboratories Ltd was up 2.56% to settle at 4454.00, and HCL Technologies Ltd gained 1.65% to close at 1008.50.

The session’s worst performers were Larsen & Toubro Ltd, down 1.56% to 1461.00 in late trade. Moreover, ICICI Bank Ltd,  down1.38% to settle at 594.90, and State Bank Of India, down 1.37% to 378.45 at the close. 

On the India National Stock Exchange, falling stocks exceeded advancing ones by 875 to 785 and 64 ended unchanged. On the Bombay Stock Exchange, 1432 declined and 1418 advanced, while 173 ended unchanged.

The India VIX was down 4.89% to 20.1900, a new 1-month low.

Stocks Rise Before Fed Meets

On Tuesday, world stocks rose, with investors looking to the U.S. Federal Reserve and other central banks meeting this week. They were hoping the central banks would keep policies accommodative to help drive a post-pandemic global economic recovery.

Meanwhile, European shares extended a rally that began on Wall Street on Monday. It continued into Asia, with the pan-region STOXX 600 index up 0.5%. Also, on Monday the index hit its highest level in more than a year before ending flat.

Britain’s FTSE 100 index added 0.7% and Germany’s DAX 0.6%.  France’s CAC added 40 0.2% and Italy’s FTSE MIB index 0.6%.

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