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India stocks lower at close of trade; Nifty 50 down 0.97%

Published 02/08/2024, 05:30 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.97%

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

At the close in NSE, the Nifty 50 lost 0.97%, while the BSE Sensex 30 index fell 1.00%.

The best performers of the session on the Nifty 50 were State Bank Of India (NS:SBI), which rose 3.60% or 24.30 points to trade at 699.55 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 3.08% or 8.25 points to end at 276.20 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 3.06% or 18.45 points to 620.50 in late trade.

The worst performers of the session were Britannia Industries Ltd (NS:BRIT), which fell 3.99% or 202.70 points to trade at 4,875.55 at the close. ITC Ltd (NS:ITC) declined 3.99% or 17.25 points to end at 414.55 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 3.51% or 62.90 points to 1,729.70.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 3.55% to 699.50, Power Grid Corporation of India Ltd (BO:PGRD) which was up 3.00% to settle at 276.00 and Tata Consultancy Services Ltd. (BO:TCS) which gained 1.29% to close at 4,135.95.

The worst performers were ITC Ltd (BO:ITC) which was down 3.98% to 414.70 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 3.49% to settle at 1,730.85 and ICICI Bank Ltd (BO:ICBK) which was down 3.03% to 992.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1331 to 827 and 28 ended unchanged; on the Bombay Stock Exchange, 2085 fell and 1608 advanced, while 100 ended unchanged.

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Shares in State Bank Of India (NS:SBI) rose to all time highs; gaining 3.60% or 24.30 to 699.55. Shares in Bharat Petroleum Corp. Ltd. (NS:BPCL) rose to all time highs; up 3.06% or 18.45 to 620.50. Shares in State Bank Of India (BO:SBI) rose to all time highs; rising 3.55% or 24.00 to 699.50. Shares in Tata Consultancy Services Ltd. (BO:TCS) rose to all time highs; rising 1.29% or 52.75 to 4,135.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.08% to 15.83.

Gold Futures for April delivery was up 0.08% or 1.65 to $2,053.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.50% or 0.37 to hit $74.23 a barrel, while the April Brent oil contract rose 0.61% or 0.48 to trade at $79.69 a barrel.

USD/INR was down 0.10% to 82.97, while EUR/INR rose 0.06% to 89.45.

The US Dollar Index Futures was unchanged 0.00% at 103.92.

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