India stocks lower at close of trade; Nifty 50 down 1.35%

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

At the close in NSE, the Nifty 50 fell 1.35%, while the BSE Sensex 30 index lost 1.28%.

The best performers of the session on the Nifty 50 were Dr Reddy’s Laboratories Ltd (NS:REDY ), which rose 1.36% or 18.05 points to trade at 1,343.65 at the close. Meanwhile, Nestle India Ltd (NS:NEST ) added 0.14% or 3.10 points to end at 2,163.50 and ICICI Bank Ltd (NS:ICBK ) was up 0.12% or 1.50 points to 1,288.40 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NS:TEML ), which fell 3.89% or 68.30 points to trade at 1,686.05 at the close. Trent Ltd (NS:TREN ) declined 3.67% or 260.45 points to end at 6,831.55 and IndusInd Bank Ltd. (NS:INBK ) was down 3.62% or 34.95 points to 929.45.

The top performers on the BSE Sensex 30 were JSW Steel Ltd (BO:JSTL ) which rose 0.52% to 930.25, Nestle India Ltd (BO:NEST ) which was up 0.25% to settle at 2,166.60 and ICICI Bank Ltd (BO:ICBK ) which gained 0.13% to close at 1,288.90.

The worst performers were Tech Mahindra Ltd (BO:TEML ) which was down 3.92% to 1,686.15 in late trade, IndusInd Bank Ltd. (BO:INBK ) which lost 3.43% to settle at 931.00 and Axis Bank Ltd. (BO:AXBK ) which was down 3.36% to 1,071.25 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 2174 to 357 and 101 ended unchanged; on the Bombay Stock Exchange, 2792 fell and 1014 advanced, while 95 ended unchanged.

Shares in IndusInd Bank Ltd. (NS:INBK ) fell to 52-week lows; losing 3.62% or 34.95 to 929.45. Shares in IndusInd Bank Ltd. (BO:INBK ) fell to 52-week lows; down 3.43% or 33.05 to 931.00.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 3.88% to 15.07.

Gold Futures for February delivery was up 0.47% or 12.19 to $2,620.29 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.71% or 1.91 to hit $68.67 a barrel, while the February Brent oil contract fell 0.95% or 0.69 to trade at $72.19 a barrel.

USD/INR was down 0.10% to 85.02, while EUR/INR rose 0.14% to 88.33.

The US Dollar Index Futures was down 0.23% at 107.90.

Source: Investing.com