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India stocks lower at close of trade; Nifty 50 down 0.85%

Published 07/07/2023, 06:45 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.85%

Investing.com – India stocks were lower after the close on Friday, as losses in the Power, Fast Moving Consumer Goods and Real Estate sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.85%, while the BSE Sensex 30 index lost 0.77%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 2.90% or 17.40 points to trade at 618.20 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 1.21% or 37.60 points to end at 3,144.00 and Mahindra & Mahindra Ltd. (NS:MAHM) was up 0.99% or 15.35 points to 1,564.15 in late trade.

The worst performers of the session were Adani Ports and Special Economic Zone Ltd (NS:APSE), which fell 2.88% or 21.35 points to trade at 718.70 at the close. Power Grid Corporation of India Ltd (NS:PGRD) declined 2.76% or 7.25 points to end at 255.45 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was down 2.49% or 131.55 points to 5,151.50.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 1.26% to 3,144.75, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 0.98% to settle at 1,563.80 and State Bank Of India (BO:SBI) which gained 0.24% to close at 593.75.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.76% to 255.60 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.34% to settle at 1,356.85 and Hindustan Unilever Ltd. (BO:HLL) which was down 2.23% to 2,696.35 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1173 to 762 and 70 ended unchanged; on the Bombay Stock Exchange, 1876 fell and 1465 advanced, while 117 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to all time highs; gaining 2.90% or 17.40 to 618.20. Shares in Titan Company Ltd (NS:TITN) rose to all time highs; up 1.21% or 37.60 to 3,144.00. Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; up 0.99% or 15.35 to 1,564.15. Shares in Titan Company Ltd (BO:TITN) rose to all time highs; gaining 1.26% or 39.05 to 3,144.75. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; gaining 0.98% or 15.10 to 1,563.80.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.60% to 11.53.

Gold Futures for August delivery was up 0.41% or 7.80 to $1,923.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.32% or 0.23 to hit $72.03 a barrel, while the September Brent oil contract rose 0.33% or 0.25 to trade at $76.77 a barrel.

USD/INR was down 0.02% to 82.75, while EUR/INR fell 0.01% to 90.14.

The US Dollar Index Futures was down 0.21% at 102.65.

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