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India stocks lower at close of trade; Nifty 50 down 0.73%

Published 11/21/2024, 05:30 AM
Updated 11/21/2024, 05:35 AM
©  Reuters India stocks lower at close of trade; Nifty 50 down 0.73%
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Investing.com – India stocks were lower after the close on Thursday, as losses in the Public Sector Undertakings, Oil & Gas and Power sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.73% to hit a new 3-months low, while the BSE Sensex 30 index fell 0.56%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 3.44% or 10.85 points to trade at 325.90 at the close. Meanwhile, UltraTech Cement Ltd (NS:ULTC) added 1.72% or 185.30 points to end at 10,954.85 and Hindalco Industries Ltd. (NS:HALC) was up 1.26% or 8.05 points to 648.05 in late trade.

The worst performers of the session were Adani Enterprises Ltd (NS:ADEL), which fell 22.61% or 637.85 points to trade at 2,183.65 at the close. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 13.57% or 175.00 points to end at 1,114.65 and SBI Life Insurance Company Ltd (NS:SBIL) was down 2.95% or 44.95 points to 1,477.95.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 3.21% to 325.15, UltraTech Cement Ltd (BO:ULTC) which was up 1.41% to settle at 10,926.00 and HCL Technologies Ltd (BO:HCLT) which gained 0.68% to close at 1,832.50.

The worst performers were State Bank Of India (BO:SBI) which was down 2.57% to 781.35 in late trade, NTPC Ltd (BO:NTPC) which lost 2.49% to settle at 357.00 and ITC Ltd (BO:ITC) which was down 2.30% to 456.60 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1864 to 607 and 158 ended unchanged; on the Bombay Stock Exchange, 2612 fell and 1179 advanced, while 92 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.95% to 15.97.

Gold Futures for December delivery was up 0.71% or 18.80 to $2,670.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.48% or 1.02 to hit $69.77 a barrel, while the January Brent oil contract rose 1.36% or 0.99 to trade at $73.80 a barrel.

USD/INR was up 0.18% to 84.51, while EUR/INR fell 0.07% to 88.89.

The US Dollar Index Futures was up 0.02% at 106.64.

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