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India stocks lower at close of trade; Nifty 50 down 0.46%

Published 08/10/2023, 06:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.46%

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

At the close in NSE, the Nifty 50 lost 0.46%, while the BSE Sensex 30 index fell 0.47%.

The best performers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 1.81% or 45.30 points to trade at 2,552.40 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 1.54% or 21.75 points to end at 1,430.20 and Adani Ports and Special Economic Zone Ltd (NS:APSE) was up 1.48% or 11.70 points to 802.80 in late trade.

The worst performers of the session were Asian Paints Ltd. (NS:ASPN), which fell 2.79% or 93.10 points to trade at 3,237.90 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 1.67% or 30.65 points to end at 1,800.85 and ITC Ltd (NS:ITC) was down 1.50% or 6.90 points to 451.75.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 1.59% to 1,429.55, Titan Company Ltd (BO:TITN) which was up 0.83% to settle at 2,980.00 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.73% to close at 242.00.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 2.89% to 3,234.25 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 1.63% to settle at 1,800.40 and ITC Ltd (BO:ITC) which was down 1.56% to 451.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1112 to 870 and 62 ended unchanged; on the Bombay Stock Exchange, 1824 fell and 1644 advanced, while 139 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.33% to 11.40.

Gold Futures for December delivery was up 0.21% or 4.05 to $1,954.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.31% or 0.26 to hit $84.14 a barrel, while the October Brent oil contract fell 0.17% or 0.15 to trade at $87.40 a barrel.

USD/INR was down 0.30% to 82.67, while EUR/INR rose 0.30% to 91.16.

The US Dollar Index Futures was down 0.33% at 101.97.

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