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

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

At the close in NSE, the Nifty 50 fell 0.38% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.31%.

The best performers of the session on the Nifty 50 were Tata Consultancy Services Ltd. (NS:TCS ), which rose 5.62% or 226.80 points to trade at 4,265.65 at the close. Meanwhile, Tech Mahindra Ltd (NS:TEML ) added 3.82% or 62.80 points to end at 1,705.60 and HCL Technologies Ltd (NS:HCLT ) was up 3.12% or 60.30 points to 1,995.10 in late trade.

The worst performers of the session were Shriram Finance Ltd. (NS:SHMF ), which fell 81.07% or 2,277.85 points to trade at 532.00 at the close. IndusInd Bank Ltd. (NS:INBK ) declined 4.41% or 43.30 points to end at 937.60 and Adani Enterprises Ltd (NS:ADEL ) was down 4.18% or 103.50 points to 2,374.40.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS ) which rose 5.66% to 4,265.00, Tech Mahindra Ltd (BO:TEML ) which was up 3.63% to settle at 1,703.00 and HCL Technologies Ltd (BO:HCLT ) which gained 3.16% to close at 1,996.20.

The worst performers were IndusInd Bank Ltd. (BO:INBK ) which was down 4.25% to 939.25 in late trade, NTPC Ltd (BO:NTPC ) which lost 3.89% to settle at 307.85 and UltraTech Cement Ltd (BO:ULTC ) which was down 3.43% to 10,881.15 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1950 to 284 and 142 ended unchanged; on the Bombay Stock Exchange, 3021 fell and 767 advanced, while 92 ended unchanged.

Shares in HCL Technologies Ltd (NS:HCLT ) rose to all time highs; rising 3.12% or 60.30 to 1,995.10. Shares in HCL Technologies Ltd (BO:HCLT ) rose to all time highs; up 3.16% or 61.10 to 1,996.20.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 1.36% to 14.86.

Gold Futures for February delivery was up 0.68% or 18.26 to $2,709.06 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.37% or 1.75 to hit $75.67 a barrel, while the March Brent oil contract rose 2.37% or 1.82 to trade at $78.74 a barrel.

USD/INR was up 0.13% to 86.00, while EUR/INR rose 0.17% to 88.63.

The US Dollar Index Futures was down 0.02% at 108.99.

Source: Investing.com