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India stocks lower at close of trade; Nifty 50 down 0.24%

Published 09/29/2022, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.24%

Investing.com – India stocks were lower after the close on Thursday, as losses in the Power, IT and Banking sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.24% to hit a new 1-month low, while the BSE Sensex 30 index lost 0.33%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 3.35% or 4.10 points to trade at 126.65 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 3.26% or 11.75 points to end at 372.50 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was up 2.79% or 119.10 points to 4,388.05 in late trade.

The worst performers of the session were Asian Paints Ltd. (NS:ASPN), which fell 5.20% or 185.85 points to trade at 3,384.80 at the close. Tech Mahindra Ltd (NS:TEML) declined 2.19% or 22.60 points to end at 1,007.10 and Hero MotoCorp Ltd (NS:HROM) was down 2.12% or 55.05 points to 2,536.30.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 2.51% to 333.05, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 2.16% to settle at 4,359.20 and Tata Steel Ltd (BO:TISC) which gained 1.68% to close at 96.85.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 5.22% to 3,384.80 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 1.86% to settle at 1,010.50 and Titan Company Ltd (BO:TITN) which was down 1.69% to 2,531.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1034 to 779 and 53 ended unchanged; on the Bombay Stock Exchange, 1821 rose and 1462 declined, while 128 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.59% to 21.30.

Gold Futures for December delivery was down 0.79% or 13.25 to $1,656.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.28% or 0.23 to hit $82.38 a barrel, while the December Brent oil contract rose 0.26% or 0.23 to trade at $88.28 a barrel.

USD/INR was up 0.47% to 81.79, while EUR/INR unchanged 0.01% to 79.24.

The US Dollar Index Futures was up 0.64% at 113.23.

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