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India stocks lower at close of trade; Nifty 50 down 0.14%

Published 06/28/2024, 06:30 AM
Updated 06/28/2024, 06:35 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.14%
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Investing.com – India stocks were lower after the close on Friday, as losses in the Banking, Fast Moving Consumer Goods and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.14%, while the BSE Sensex 30 index lost 0.27%.

The best performers of the session on the Nifty 50 were Dr Reddy’s Laboratories Ltd (NS:REDY), which rose 2.63% or 164.10 points to trade at 6,400.00 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 2.58% or 6.90 points to end at 274.40 and Reliance Industries Ltd (NS:RELI) was up 2.24% or 68.70 points to 3,129.80 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 2.57% or 38.55 points to trade at 1,464.20 at the close. Axis Bank Ltd (NS:AXBK) declined 1.95% or 25.15 points to end at 1,263.80 and Bharti Airtel Ltd. (NS:BRTI) was down 1.88% or 27.80 points to 1,448.00.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 2.15% to 3,126.95, Tata Motors Ltd (BO:TAMO) which was up 1.76% to settle at 989.10 and Asian Paints Ltd. (BO:ASPN) which gained 1.31% to close at 2,920.00.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 2.55% to 1,464.70 in late trade, Axis Bank Ltd. (BO:AXBK) which lost 2.05% to settle at 1,262.45 and ICICI Bank Ltd (BO:ICBK) which was down 1.83% to 1,197.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1193 to 1061 and 23 ended unchanged; on the Bombay Stock Exchange, 2075 rose and 1680 declined, while 102 ended unchanged.

Shares in Reliance Industries Ltd (NS:RELI) rose to all time highs; up 2.24% or 68.70 to 3,129.80. Shares in Reliance Industries Ltd (BO:RELI) rose to all time highs; gaining 2.15% or 65.85 to 3,126.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.47% to 13.80.

Gold Futures for August delivery was up 0.38% or 8.80 to $2,345.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.77% or 0.63 to hit $82.37 a barrel, while the September Brent oil contract rose 0.67% or 0.57 to trade at $85.83 a barrel.

USD/INR was down 0.08% to 83.39, while EUR/INR fell 0.04% to 89.30.

The US Dollar Index Futures was down 0.03% at 105.54.

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