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India stocks lower at close of trade; Nifty 50 down 0.96%

Published 07/08/2021, 06:45 AM
Updated 07/08/2021, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.96%

© Reuters. India stocks lower at close of trade; Nifty 50 down 0.96%

Investing.com – India stocks were lower after the close on Thursday, as losses in the Metals, Banking and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.96%, while the BSE Sensex 30 index fell 0.92%.

The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 1.39% or 14.50 points to trade at 1060.40 at the close. Meanwhile, SBI Life Insurance Company Ltd (NS:SBIL) added 0.71% or 7.20 points to end at 1021.60 and Eicher Motors Ltd. (NS:EICH) was up 0.68% or 18.45 points to 2729.30 in late trade.

The worst performers of the session were Tata Motors Ltd (NS:TAMO), which fell 3.39% or 10.75 points to trade at 306.35 at the close. JSW Steel Ltd (NS:JSTL) declined 3.21% or 22.15 points to end at 668.25 and Bajaj Auto Ltd (NS:BAJA) was down 2.75% or 115.25 points to 4073.00.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 1.32% to 1059.80, HCL Technologies Ltd (BO:HCLT) which was up 0.15% to settle at 976.90 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.15% to close at 231.20.

The worst performers were Bajaj Auto Ltd (BO:BAJA) which was down 2.71% to 4073.15 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.30% to settle at 1189.75 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 1.96% to 667.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1040 to 645 and 42 ended unchanged; on the Bombay Stock Exchange, 1654 fell and 1385 advanced, while 133 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 11.03% to 13.5600.

Gold Futures for August delivery was up 0.58% or 10.45 to $1812.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.27% or 0.92 to hit $71.28 a barrel, while the September Brent oil contract fell 1.01% or 0.74 to trade at $72.69 a barrel.

USD/INR was up 0.08% to 74.847, while EUR/INR rose 0.44% to 88.5555.

The US Dollar Index Futures was down 0.14% at 92.517.

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