India stocks lower at close of trade; Nifty 50 down 0.42%

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

At the close in NSE, the Nifty 50 fell 0.42%, while the BSE Sensex 30 index declined 0.69%.

The best performers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL ), which rose 9.41% or 133.50 points to trade at 1,551.75 at the close. Meanwhile, Larsen & Toubro Ltd (NS:LART ) added 6.28% or 213.95 points to end at 3,622.30 and Dr Reddy’s Laboratories Ltd (NS:REDY ) was up 1.95% or 24.35 points to 1,274.20 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NS:TEML ), which fell 4.53% or 76.30 points to trade at 1,608.65 at the close. HCL Technologies Ltd (NS:HCLT ) declined 3.96% or 72.75 points to end at 1,766.05 and Tata Consultancy Services Ltd. (NS:TCS ) was down 2.84% or 116.20 points to 3,968.45.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART ) which rose 6.14% to 3,616.15, Mahindra & Mahindra Ltd. (BO:MAHM ) which was up 1.55% to settle at 2,750.00 and Power Grid Corporation of India Ltd (BO:PGRD ) which gained 0.80% to close at 321.00.

The worst performers were Tech Mahindra Ltd (BO:TEML ) which was down 4.41% to 1,610.50 in late trade, HCL Technologies Ltd (BO:HCLT ) which lost 3.61% to settle at 1,773.15 and Tata Consultancy Services Ltd. (BO:TCS ) which was down 2.71% to 3,975.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1626 to 839 and 95 ended unchanged; on the Bombay Stock Exchange, 2591 rose and 1141 declined, while 107 ended unchanged.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 0.35% to 15.56 a new 1-month high.

Gold Futures for December delivery was down 0.44% or 12.40 to $2,788.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.69% or 0.47 to hit $69.08 a barrel, while the January Brent oil contract rose 0.62% or 0.45 to trade at $72.61 a barrel.

USD/INR was down 0.02% to 84.08, while EUR/INR rose 0.13% to 91.43.

The US Dollar Index Futures was down 0.08% at 103.78.

Source: Investing.com