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India stocks lower at close of trade; Nifty 50 down 0.09%

Published 08/12/2024, 06:30 AM
Updated 08/12/2024, 06:35 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.09%
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Investing.com – India stocks were lower after the close on Monday, as losses in the Fast Moving Consumer Goods, Healthcare and Power sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.09%, while the BSE Sensex 30 index lost 0.07%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 2.54% or 8.45 points to trade at 341.00 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 2.15% or 111.80 points to end at 5,319.00 and Axis Bank Ltd (NS:AXBK) was up 1.81% or 20.70 points to 1,163.45 in late trade.

The worst performers of the session were Adani Ports and Special Economic Zone Ltd (NS:APSE), which fell 2.39% or 36.70 points to trade at 1,497.10 at the close. NTPC Ltd (NS:NTPC) declined 2.16% or 8.85 points to end at 401.80 and Dr Reddy’s Laboratories Ltd (NS:REDY) was down 1.78% or 125.00 points to 6,888.50.

The top performers on the BSE Sensex 30 were Axis Bank Ltd. (BO:AXBK) which rose 1.68% to 1,162.85, Infosys Ltd (BO:INFY) which was up 1.36% to settle at 1,795.00 and JSW Steel Ltd (BO:JSTL) which gained 1.34% to close at 917.05.

The worst performers were NTPC Ltd (BO:NTPC) which was down 2.02% to 401.90 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 1.50% to settle at 340.90 and State Bank Of India (BO:SBI) which was down 1.42% to 812.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1316 to 1190 and 17 ended unchanged; on the Bombay Stock Exchange, 2011 fell and 1886 advanced, while 119 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.67% to 15.90.

Gold Futures for December delivery was up 0.36% or 9.00 to $2,482.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.12% or 0.86 to hit $77.70 a barrel, while the October Brent oil contract rose 0.90% or 0.72 to trade at $80.38 a barrel.

USD/INR was up 0.01% to 83.96, while EUR/INR rose 0.09% to 91.72.

The US Dollar Index Futures was up 0.05% at 103.01.

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