India stocks lower at close of trade; Nifty 50 down 0.89%

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

At the close in NSE, the Nifty 50 fell 0.89% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.61%.

The best performers of the session on the Nifty 50 were Infosys Ltd (NS:INFY ), which rose 2.50% or 48.00 points to trade at 1,968.10 at the close. Meanwhile, Tech Mahindra Ltd (NS:TEML ) added 2.33% or 38.70 points to end at 1,699.00 and Power Grid Corporation of India Ltd (NS:PGRD ) was up 1.21% or 3.95 points to 331.15 in late trade.

The worst performers of the session were Bajaj Auto Ltd (NS:BAJA ), which fell 12.89% or 1,497.50 points to trade at 10,119.45 at the close. Shriram Finance Ltd. (NS:SHMF ) declined 3.89% or 131.80 points to end at 3,258.60 and Nestle India Ltd (NS:NEST ) was down 3.39% or 83.55 points to 2,378.70.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML ) which rose 2.95% to 1,709.00, Infosys Ltd (BO:INFY ) which was up 2.77% to settle at 1,973.05 and Power Grid Corporation of India Ltd (BO:PGRD ) which gained 1.30% to close at 331.35.

The worst performers were Nestle India Ltd (BO:NEST ) which was down 3.45% to 2,377.30 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM ) which lost 3.34% to settle at 2,963.00 and UltraTech Cement Ltd (BO:ULTC ) which was down 2.45% to 11,047.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1939 to 520 and 98 ended unchanged; on the Bombay Stock Exchange, 2569 fell and 1211 advanced, while 99 ended unchanged.

Shares in Infosys Ltd (NS:INFY ) rose to all time highs; up 2.50% or 48.00 to 1,968.10. Shares in Tech Mahindra Ltd (NS:TEML ) rose to 52-week highs; up 2.33% or 38.70 to 1,699.00. Shares in Tech Mahindra Ltd (BO:TEML ) rose to 52-week highs; up 2.95% or 49.05 to 1,709.00. Shares in Infosys Ltd (BO:INFY ) rose to all time highs; rising 2.77% or 53.15 to 1,973.05.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 2.87% to 13.43.

Gold Futures for December delivery was up 0.41% or 11.05 to $2,702.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.18% or 0.13 to hit $70.52 a barrel, while the December Brent oil contract rose 0.18% or 0.13 to trade at $74.35 a barrel.

USD/INR was up 0.02% to 84.07, while EUR/INR rose 0.03% to 91.31.

The US Dollar Index Futures was down 0.05% at 103.35.

Source: Investing.com