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India stocks lower at close of trade; Nifty 50 down 0.12%

Published 08/12/2020, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.12%
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Healthcare, Consumer Durables and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.12%, while the BSE Sensex 30 index fell 0.10%.

The best performers of the session on the Nifty 50 were HCL Technologies Ltd (NS:HCLT), which rose 4.66% or 31.85 points to trade at 715.65 at the close. Meanwhile, State Bank Of India (NS:SBI) added 4.33% or 8.45 points to end at 203.50 and Tech Mahindra Ltd (NS:TEML) was up 2.84% or 19.15 points to 693.95 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 2.06% or 16.00 points to trade at 762.00 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 2.06% or 28.05 points to end at 1336.55 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was down 2.04% or 11.05 points to 530.00.

The top performers on the BSE Sensex 30 were HCL Technologies Ltd (BO:HCLT) which rose 4.75% to 716.00, State Bank Of India (BO:SBI) which was up 4.23% to settle at 203.35 and Tech Mahindra Ltd (BO:TEML) which gained 2.78% to close at 693.60.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 2.10% to 1336.00 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 2.04% to settle at 530.00 and Bajaj Finserv Ltd (BO:BJFS) which was down 1.25% to 6360.60 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 909 to 710 and 65 ended unchanged; on the Bombay Stock Exchange, 1430 rose and 1145 declined, while 131 ended unchanged.

Shares in HCL Technologies Ltd (NS:HCLT) rose to all time highs; up 4.66% or 31.85 to 715.65. Shares in HCL Technologies Ltd (BO:HCLT) rose to 52-week highs; gaining 4.75% or 32.45 to 716.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.41% to 20.8450 a new 3-months low.

Gold Futures for December delivery was down 0.25% or 4.95 to $1941.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.68% or 0.70 to hit $42.31 a barrel, while the October Brent oil contract rose 1.55% or 0.69 to trade at $45.19 a barrel.

USD/INR was up 0.26% to 74.806, while EUR/INR rose 0.51% to 88.0360.

The US Dollar Index Futures was down 0.08% at 93.523.

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