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India stocks lower at close of trade; Nifty 50 down 0.86%

Published 11/08/2019, 05:45 AM
Updated 11/08/2019, 05:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.86%

Investing.com – India stocks were lower after the close on Friday, as losses in the Fast Moving Consumer Goods, Public Sector Undertakings and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.86%, while the BSE Sensex 30 index lost 0.81%.

The best performers of the session on the Nifty 50 were Yes Bank Ltd (NS:YESB), which rose 4.82% or 3.20 points to trade at 68.95 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 2.90% or 40.10 points to end at 1422.80 and ICICI Bank Ltd (NS:ICBK) was up 2.39% or 11.45 points to 489.45 in late trade.

The worst performers of the session were Bharti Infratel Ltd (NS:BHRI), which fell 4.92% or 11.30 points to trade at 218.30 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 4.30% or 18.95 points to end at 422.10 and GAIL Ltd (NS:GAIL) was down 3.90% or 5.15 points to 127.05.

The top performers on the BSE Sensex 30 were Yes Bank Ltd (BO:YESB) which rose 3.76% to 69.00, IndusInd Bank Ltd. (BO:INBK) which was up 3.08% to settle at 1423.50 and ICICI Bank Ltd (BO:ICBK) which gained 2.25% to close at 489.45.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 4.23% to 421.80 in late trade, Vedanta Ltd (BO:VDAN) which lost 3.39% to settle at 155.50 and Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 2.64% to 138.35 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 961 to 582 and 75 ended unchanged; on the Bombay Stock Exchange, 1410 fell and 991 advanced, while 161 ended unchanged.

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Shares in ICICI Bank Ltd (NS:ICBK) rose to all time highs; gaining 2.39% or 11.45 to 489.45. Shares in ICICI Bank Ltd (BO:ICBK) rose to all time highs; up 2.25% or 10.75 to 489.45.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.26% to 15.8550.

Gold Futures for December delivery was up 0.06% or 0.95 to $1467.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.56% or 0.89 to hit $56.26 a barrel, while the January Brent oil contract fell 1.49% or 0.93 to trade at $61.36 a barrel.

USD/INR was up 0.29% to 71.248, while EUR/INR rose 0.21% to 78.6570.

The US Dollar Index Futures was up 0.08% at 98.067.

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