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India stocks lower at close of trade; Nifty 50 down 1.07%

Stock MarketsJan 28, 2021 05:45AM ET
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© Reuters. India stocks lower at close of trade; Nifty 50 down 1.07% – India stocks were lower after the close on Thursday, as losses in the Real Estate, IT and Fast Moving Consumer Goods sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.07% to hit a new 1-month low, while the BSE Sensex 30 index declined 1.13%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 5.54% or 35.00 points to trade at 667.10 at the close. Meanwhile, State Bank Of India (NS:SBI) added 2.63% or 7.25 points to end at 282.90 and Indian Oil Corporation Ltd (NS:IOC) was up 1.59% or 1.45 points to 92.85 in late trade.

The worst performers of the session were Hindustan Unilever Ltd. (NS:HLL), which fell 3.65% or 87.30 points to trade at 2304.00 at the close. Maruti Suzuki India Ltd. (NS:MRTI) declined 3.44% or 270.90 points to end at 7600.00 and Wipro Ltd (NS:WIPR) was down 3.01% or 13.45 points to 433.00.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 5.52% to 666.80, State Bank Of India (BO:SBI) which was up 2.47% to settle at 282.40 and ICICI Bank Ltd (BO:ICBK) which gained 1.30% to close at 529.10.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 3.65% to 2303.60 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 3.41% to settle at 7598.20 and HDFC Bank Ltd (BO:HDBK) which was down 2.81% to 1370.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 873 to 759 and 57 ended unchanged; on the Bombay Stock Exchange, 1518 rose and 1242 declined, while 158 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.42% to 24.2900.

Gold Futures for February delivery was down 0.27% or 4.90 to $1840.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.11% or 0.06 to hit $52.79 a barrel, while the April Brent oil contract fell 0.09% or 0.05 to trade at $55.48 a barrel.

USD/INR was down 0.01% to 73.049, while EUR/INR rose 0.00% to 88.4770.

The US Dollar Index Futures was up 0.02% at 90.655.

India stocks lower at close of trade; Nifty 50 down 1.07%

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