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India stocks lower at close of trade; Nifty 50 down 0.17%

Published 12/07/2023, 05:30 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.17%

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

At the close in NSE, the Nifty 50 fell 0.17%, while the BSE Sensex 30 index declined 0.19%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 2.50% or 5.60 points to trade at 230.00 at the close. Meanwhile, Adani Ports and Special Economic Zone Ltd (NS:APSE) added 2.13% or 21.70 points to end at 1,039.65 and Cipla Ltd. (NS:CIPL) was up 1.56% or 18.75 points to 1,223.95 in late trade.

The worst performers of the session were Bharti Airtel Ltd. (NS:BRTI), which fell 2.39% or 24.45 points to trade at 1,000.00 at the close. Hindustan Unilever Ltd. (NS:HLL) declined 1.92% or 49.40 points to end at 2,518.25 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was down 1.55% or 86.10 points to 5,457.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.47% to 229.95, UltraTech Cement Ltd (BO:ULTC) which was up 1.80% to settle at 9,376.00 and Titan Company Ltd (BO:TITN) which gained 1.22% to close at 3,590.00.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 2.34% to 1,000.00 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 1.80% to settle at 2,520.00 and Tata Steel Ltd (BO:TISC) which was down 1.37% to 130.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1183 to 915 and 38 ended unchanged; on the Bombay Stock Exchange, 2126 rose and 1506 declined, while 115 ended unchanged.

Shares in Power Grid Corporation of India Ltd (NS:PGRD) rose to all time highs; up 2.50% or 5.60 to 230.00. Shares in Adani Ports and Special Economic Zone Ltd (NS:APSE) rose to all time highs; rising 2.13% or 21.70 to 1,039.65. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to all time highs; rising 2.47% or 5.55 to 229.95. Shares in UltraTech Cement Ltd (BO:ULTC) rose to all time highs; rising 1.80% or 165.85 to 9,376.00. Shares in Titan Company Ltd (BO:TITN) rose to all time highs; gaining 1.22% or 43.20 to 3,590.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.77% to 12.67.

Gold Futures for February delivery was up 0.12% or 2.45 to $2,050.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.34% or 0.93 to hit $70.31 a barrel, while the February Brent oil contract rose 1.41% or 1.05 to trade at $75.35 a barrel.

USD/INR was unchanged 0.01% to 83.36, while EUR/INR rose 0.09% to 89.79.

The US Dollar Index Futures was down 0.26% at 103.84.

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