India stocks lower at close of trade; Nifty 50 down 0.47%

© Reuters India stocks lower at close of trade; Nifty 50 down 0.47%

AiVIF.com – India stocks were lower after the close on Thursday, as losses in the Technology, IT and Fast Moving Consumer Goods sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.47%, while the BSE Sensex 30 index fell 0.53%.

The best performers of the session on the Nifty 50 were Shree Cements Ltd. (NS:SHCM), which rose 1.32% or 282.00 points to trade at 21,630.00 at the close. Meanwhile, Divi's Laboratories Ltd. (NS:DIVI) added 1.12% or 39.20 points to end at 3,535.85 and Hindalco Industries Ltd. (NS:HALC) was up 0.91% or 3.90 points to 432.75 in late trade.

The worst performers of the session were Adani Ports and Special Economic Zone Ltd (NS:APSE), which fell 2.43% or 20.30 points to trade at 816.00 at the close. Bajaj Finance Ltd (NS:BJFN) declined 1.81% or 129.75 points to end at 7,047.15 and Infosys Ltd (NS:INFY) was down 1.26% or 19.35 points to 1,518.15.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 0.46% to 8,732.20, State Bank Of India (BO:SBI) which was up 0.27% to settle at 520.55 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 0.20% to close at 4,225.70.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 1.81% to 7,045.15 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 1.33% to settle at 226.25 and Infosys Ltd (BO:INFY) which was down 1.20% to 1,518.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 986 to 846 and 46 ended unchanged; on the Bombay Stock Exchange, 1834 rose and 1453 declined, while 129 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.19% to 19.57.

Gold Futures for December delivery was up 0.83% or 14.65 to $1,776.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.09% or 0.09 to hit $94.80 a barrel, while the October Brent oil contract rose 0.10% or 0.10 to trade at $101.32 a barrel.

USD/INR was up 0.14% to 79.90, while EUR/INR rose 0.27% to 79.72.

The US Dollar Index Futures was down 0.24% at 108.36.