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India stocks lower at close of trade; Nifty 50 down 0.30%

Published 11/26/2019, 05:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.30%
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Investing.com – India stocks were lower after the close on Tuesday, as losses in the Technology, IT and Capital Goods sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.30%, while the BSE Sensex 30 index fell 0.17%.

The best performers of the session on the Nifty 50 were ICICI Bank Ltd (NS:ICBK), which rose 3.05% or 15.20 points to trade at 510.70 at the close. Meanwhile, GAIL Ltd (NS:GAIL) added 2.46% or 3.00 points to end at 125.00 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 1.86% or 54.35 points to 2965.85 in late trade.

The worst performers of the session were Zee Entertainment Enterprises Ltd. (NS:ZEE), which fell 7.34% or 25.25 points to trade at 319.70 at the close. Bharti Infratel Ltd (NS:BHRI) declined 6.52% or 16.30 points to end at 232.65 and Bharti Airtel Ltd. (NS:BRTI) was down 4.03% or 18.20 points to 432.35.

The top performers on the BSE Sensex 30 were ICICI Bank Ltd (BO:ICBK) which rose 2.62% to 511.10, IndusInd Bank Ltd. (BO:INBK) which was up 1.46% to settle at 1519.00 and Tata Steel Ltd (BO:TISC) which gained 1.17% to close at 424.45.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 4.34% to 431.70 in late trade, Tata Motors Ltd DVR (BO:TAMdv) which lost 2.76% to settle at 73.95 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.26% to 194.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 921 to 646 and 63 ended unchanged; on the Bombay Stock Exchange, 1350 fell and 1056 advanced, while 166 ended unchanged.

Shares in ICICI Bank Ltd (NS:ICBK) rose to all time highs; gaining 3.05% or 15.20 to 510.70. Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) rose to 52-week highs; gaining 1.86% or 54.35 to 2965.85. Shares in ICICI Bank Ltd (BO:ICBK) rose to all time highs; up 2.62% or 13.05 to 511.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.10% to 14.8375.

Gold Futures for February delivery was up 0.04% or 0.55 to $1464.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.03% or 0.02 to hit $58.03 a barrel, while the February Brent oil contract fell 0.06% or 0.04 to trade at $62.58 a barrel.

USD/INR was down 0.14% to 71.588, while EUR/INR fell 0.08% to 78.8825.

The US Dollar Index Futures was down 0.01% at 98.225.

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