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

Published 08/13/2024, 06:30 AM
Updated 08/13/2024, 06:35 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 0.85%
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Investing.com – India stocks were lower after the close on Tuesday, as losses in the Public Sector Undertakings, Banking and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.85%, while the BSE Sensex 30 index fell 0.87%.

The best performers of the session on the Nifty 50 were Titan Company Ltd (NS:TITN), which rose 1.90% or 62.95 points to trade at 3,383.80 at the close. Meanwhile, Apollo Hospitals Enterprises Ltd. (NS:APLH) added 1.50% or 97.60 points to end at 6,600.00 and Tata Consumer Products Ltd (NS:TACN) was up 0.86% or 10.05 points to 1,180.85 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 3.54% or 11.80 points to trade at 321.60 at the close. HDFC Bank Ltd (NS:HDBK) declined 3.27% or 54.25 points to end at 1,605.85 and HDFC Life Insurance Company Ltd (NS:HDFL) was down 2.78% or 19.50 points to 682.95.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 1.80% to 3,385.00, HCL Technologies Ltd (BO:HCLT) which was up 0.57% to settle at 1,593.65 and Nestle India Ltd (BO:NEST) which gained 0.36% to close at 2,482.00.

The worst performers were HDFC Bank Ltd (BO:HDBK) which was down 3.29% to 1,606.45 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.37% to settle at 148.45 and Bajaj Finance Ltd (BO:BJFN) which was down 2.02% to 6,477.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1869 to 591 and 24 ended unchanged; on the Bombay Stock Exchange, 2517 fell and 1256 advanced, while 87 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.71% to 16.30.

Gold Futures for December delivery was down 0.12% or 3.10 to $2,500.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.15% or 0.12 to hit $79.94 a barrel, while the October Brent oil contract fell 0.22% or 0.18 to trade at $82.12 a barrel.

USD/INR was up 0.03% to 83.97, while EUR/INR fell 0.03% to 91.72.

The US Dollar Index Futures was up 0.06% at 103.03.

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