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India stocks lower at close of trade; Nifty 50 down 0.78%

Published 08/08/2017, 08:05 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.78%
NSEI
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BPCL
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CIPL
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COAL
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REDY
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Investing.com – India stocks were lower after the close on Tuesday, as losses in the Real Estate, Oil & Gas and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.78%, while the BSE Sensex 30 index declined 0.80%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 3.18% or 7.25 points to trade at 234.90 at the close. Meanwhile, Tata Steel Ltd (NS:TISC) added 2.73% or 16.40 points to end at 616.45 and Cipla Ltd. (NS:CIPL) was up 2.14% or 12.10 points to 578.60 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:REDY), which fell 5.04% or 111.30 points to trade at 2095.65 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 4.29% or 22.65 points to end at 505.05 and Indian Oil Corporation Ltd. (NS:IOC) was down 4.16% or 17.95 points to 413.25.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 2.63% to 615.75, Cipla Ltd. (BO:CIPL) which was up 2.32% to settle at 578.25 and Gail (India) Ltd. (BO:GAIL) which gained 1.48% to close at 386.70.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 4.91% to 2101.70 in late trade, Coal India Ltd (BO:COAL) which lost 2.67% to settle at 244.60 and State Bank Of India (BO:SBI) which was down 2.33% to 303.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1279 to 272 and 5 ended unchanged; on the Bombay Stock Exchange, 1931 fell and 578 advanced, while 112 ended unchanged.

Shares in Hindalco Industries Ltd. (NS:HALC) rose to 5-year highs; gaining 3.18% or 7.25 to 234.90. Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) fell to 3-years lows; losing 5.04% or 111.30 to 2095.65. Shares in Tata Steel Ltd (NS:TISC) rose to 5-year highs; gaining 2.73% or 16.40 to 616.45. Shares in Tata Steel Ltd (BO:TISC) rose to 5-year highs; rising 2.63% or 15.75 to 615.75. Shares in Dr. Reddy’s Laboratories Ltd (BO:REDY) fell to 3-years lows; falling 4.91% or 108.60 to 2101.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.36% to 12.7700 a new 3-months high.

Gold Futures for December delivery was up 0.36% or 4.49 to $1269.19 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.16% or 0.08 to hit $49.47 a barrel, while the October Brent oil contract fell 0.04% or 0.02 to trade at $52.35 a barrel.

USD/INR was down 0.32% to 63.643, while EUR/INR fell 0.17% to 75.1747.

The US Dollar Index Futures was down 0.14% at 93.17.

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