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India stocks lower at close of trade; Nifty 50 down 0.48%

Published 10/30/2024, 06:30 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.48%
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Consumer Durables, Banking and Fast Moving Consumer Goods sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.48%, while the BSE Sensex 30 index fell 0.53%.

The best performers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 4.24% or 120.70 points to trade at 2,969.30 at the close. Meanwhile, Tata Consumer Products Ltd (NS:TACN) added 3.09% or 30.65 points to end at 1,022.70 and Hero MotoCorp Ltd (NS:HROM) was up 2.55% or 121.85 points to 4,909.30 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 4.01% or 59.30 points to trade at 1,418.25 at the close. Shriram Finance Ltd. (NS:SHMF) declined 2.45% or 80.00 points to end at 3,185.80 and SBI Life Insurance Company Ltd (NS:SBIL) was down 2.24% or 37.20 points to 1,624.15.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 2.19% to 11,289.30, IndusInd Bank Ltd. (BO:INBK) which was up 1.77% to settle at 1,056.60 and Wipro Ltd (BO:WIPR) which gained 0.75% to close at 566.40.

The worst performers were Infosys Ltd (BO:INFY) which was down 2.13% to 1,799.50 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 1.57% to settle at 1,311.45 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.53% to 2,701.40 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1905 to 567 and 84 ended unchanged; on the Bombay Stock Exchange, 2797 rose and 955 declined, while 75 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.58% to 15.47 a new 1-month high.

Gold Futures for December delivery was up 0.58% or 16.05 to $2,797.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 1.00% or 0.67 to hit $67.88 a barrel, while the January Brent oil contract rose 0.95% or 0.67 to trade at $71.40 a barrel.

USD/INR was up 0.05% to 84.09, while EUR/INR rose 0.24% to 91.14.

The US Dollar Index Futures was down 0.17% at 104.02.

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