India stocks lower at close of trade; Nifty 50 down 1.18%

Investing.com – India stocks were lower after the close on Thursday, as losses in the Metals , Power and Real Estate sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.18%, while the BSE Sensex 30 index fell 1.06%.

The best performers of the session on the Nifty 50 were Apollo Hospitals Enterprises Ltd. (NS:APLH ), which rose 6.55% or 456.75 points to trade at 7,424.85 at the close. Meanwhile, State Bank Of India (NS:SBI ) added 0.56% or 4.80 points to end at 859.60 and HDFC Life Insurance Company Ltd (NS:HDFL ) was up 0.42% or 3.00 points to 711.70 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC ), which fell 8.49% or 60.10 points to trade at 648.10 at the close. Trent Ltd (NS:TREN ) declined 6.47% or 449.95 points to end at 6,505.50 and Shriram Finance Ltd. (NS:SHMF ) was down 3.66% or 116.55 points to 3,070.15.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI ) which rose 0.50% to 859.00, Tata Consultancy Services Ltd. (BO:TCS ) which was down 0.10% to settle at 4,134.75 and Larsen & Toubro Ltd (BO:LART ) which lost 0.18% to close at 3,640.00.

The worst performers were Tech Mahindra Ltd (BO:TEML ) which was down 2.21% to 1,656.00 in late trade, Tata Motors Ltd (BO:TAMO ) which lost 2.10% to settle at 822.00 and UltraTech Cement Ltd (BO:ULTC ) which was down 2.01% to 11,044.80 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1531 to 918 and 131 ended unchanged; on the Bombay Stock Exchange, 2001 fell and 1766 advanced, while 96 ended unchanged.

Shares in Apollo Hospitals Enterprises Ltd. (NS:APLH ) rose to all time highs; up 6.55% or 456.75 to 7,424.85.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 0.86% to 14.99.

Gold Futures for December delivery was down 0.07% or 2.00 to $2,674.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.81% or 0.58 to hit $71.11 a barrel, while the January Brent oil contract fell 0.64% or 0.48 to trade at $74.44 a barrel.

USD/INR was up 0.05% to 84.35, while EUR/INR rose 0.32% to 90.74.

The US Dollar Index Futures was down 0.22% at 104.76.

Source: Investing.com