India stocks lower at close of trade; Nifty 50 down 0.38%

India stocks lower at close of trade; Nifty 50 down 0.38%

© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.38% © Reuters. India stocks lower at close of trade; Nifty 50 down 0.38%

Investing.com – India stocks were lower after the close on Thursday, as losses in the Power, Auto and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.38%, while the BSE Sensex 30 index fell 0.31%.

The best performers of the session on the Nifty 50 were Nestle India Ltd (NS:NEST), which rose 4.16% or 730.85 points to trade at 18300.00 at the close. Meanwhile, ITC Ltd (NS:ITC) added 3.77% or 7.75 points to end at 213.15 and Britannia Industries Ltd (NS:BRIT) was up 3.14% or 113.90 points to 3741.00 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 11.29% or 55.60 points to trade at 437.00 at the close. UltraTech Cement Ltd (NS:ULTC) declined 3.32% or 170.80 points to end at 4974.00 and Shree Cements Ltd. (NS:SHCM) was down 2.79% or 680.50 points to 23740.20.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 4.17% to 18294.10, ITC Ltd (BO:ITC) which was up 3.77% to settle at 213.10 and Hindustan Unilever Ltd. (BO:HLL) which gained 2.49% to close at 2348.70.

The worst performers were UltraTech Cement Ltd (BO:ULTC) which was down 3.27% to 4979.45 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 2.50% to settle at 736.00 and HDFC Bank Ltd (BO:HDBK) which was down 1.34% to 1387.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1029 to 630 and 57 ended unchanged; on the Bombay Stock Exchange, 1596 fell and 1207 advanced, while 148 ended unchanged.

Shares in Nestle India Ltd (NS:NEST) rose to all time highs; gaining 4.16% or 730.85 to 18300.00. Shares in Nestle India Ltd (BO:NEST) rose to all time highs; up 4.17% or 732.60 to 18294.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.10% to 18.7125.

Gold Futures for February delivery was down 0.05% or 0.95 to $1837.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.94% or 0.43 to hit $45.95 a barrel, while the February Brent oil contract rose 1.04% or 0.51 to trade at $49.37 a barrel.

USD/INR was down 0.07% to 73.666, while EUR/INR rose 0.09% to 89.1335.

The US Dollar Index Futures was down 0.04% at 91.043.

Original Article

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