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India stocks lower at close of trade; Nifty 50 down 0.50%

Published 12/18/2024, 05:30 AM
Updated 12/18/2024, 05:35 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.50%
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Public Sector Undertakings, Power and Capital Goods sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.50%, while the BSE Sensex 30 index fell 0.55%.

The best performers of the session on the Nifty 50 were Trent Ltd (NS:TREN), which rose 2.48% or 172.10 points to trade at 7,113.75 at the close. Meanwhile, Dr Reddy’s Laboratories Ltd (NS:REDY) added 2.22% or 27.75 points to end at 1,275.40 and Cipla Ltd. (NS:CIPL) was up 1.49% or 21.55 points to 1,472.40 in late trade.

The worst performers of the session were Tata Motors Ltd (NS:TAMO), which fell 3.08% or 24.05 points to trade at 755.70 at the close. Power Grid Corporation of India Ltd (NS:PGRD) declined 2.50% or 8.25 points to end at 321.55 and Bharat Electronics Ltd (NS:BAJE) was down 2.19% or 6.80 points to 303.80.

The top performers on the BSE Sensex 30 were Wipro Ltd (BO:WIPR) which rose 1.05% to 312.05, Tata Consultancy Services Ltd. (BO:TCS) which was up 0.71% to settle at 4,355.00 and Reliance Industries Ltd (BO:RELI) which gained 0.67% to close at 1,253.50.

The worst performers were Tata Motors Ltd (BO:TAMO) which was down 2.75% to 757.90 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 2.42% to settle at 322.00 and NTPC Ltd (BO:NTPC) which was down 1.85% to 342.80 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1831 to 674 and 132 ended unchanged; on the Bombay Stock Exchange, 2431 fell and 1390 advanced, while 93 ended unchanged.

Shares in Wipro Ltd (BO:WIPR) rose to 52-week highs; up 1.05% or 3.25 to 312.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.72% to 14.38.

Gold Futures for February delivery was up 0.06% or 1.61 to $2,663.61 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.13% or 0.09 to hit $70.17 a barrel, while the February Brent oil contract rose 0.66% or 0.48 to trade at $73.67 a barrel.

USD/INR was up 0.01% to 84.91, while EUR/INR rose 0.03% to 89.11.

The US Dollar Index Futures was up 0.05% at 106.72.

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