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

Published 12/16/2024, 05:30 AM
Updated 12/16/2024, 05:35 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 Monday, as losses in the Metals, Technology 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 declined 0.53%.

The best performers of the session on the Nifty 50 were Dr Reddy’s Laboratories Ltd (NS:REDY), which rose 1.89% or 23.60 points to trade at 1,269.95 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 1.29% or 12.70 points to end at 999.35 and HDFC Life Insurance Company Ltd (NS:HDFL) was up 0.38% or 2.40 points to 634.95 in late trade.

The worst performers of the session were Titan Company Ltd (NS:TITN), which fell 2.01% or 70.65 points to trade at 3,438.20 at the close. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 1.33% or 16.80 points to end at 1,243.15 and Tata Consultancy Services Ltd. (NS:TCS) was down 1.31% or 58.70 points to 4,415.20.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 1.11% to 998.05, Bajaj Finance Ltd (BO:BJFN) which was up 0.23% to settle at 7,202.90 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.18% to close at 334.60.

The worst performers were Titan Company Ltd (BO:TITN) which was down 1.93% to 3,441.50 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 1.31% to settle at 11,935.00 and Tata Consultancy Services Ltd. (BO:TCS) which was down 1.25% to 4,417.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1382 to 1145 and 127 ended unchanged; on the Bombay Stock Exchange, 2252 rose and 1710 declined, while 94 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.55% to 14.04.

Gold Futures for February delivery was up 0.06% or 1.51 to $2,677.31 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.50% or 1.07 to hit $70.22 a barrel, while the February Brent oil contract fell 0.74% or 0.55 to trade at $73.94 a barrel.

USD/INR was up 0.12% to 84.91, while EUR/INR rose 0.27% to 89.15.

The US Dollar Index Futures was down 0.05% at 106.63.

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