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India stocks lower at close of trade; Nifty 50 down 1.23%

Published 11/12/2024, 05:30 AM
Updated 11/12/2024, 05:35 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 1.23%
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Investing.com – India stocks were lower after the close on Tuesday, as losses in the Power, Public Sector Undertakings and Capital Goods sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.23% to hit a new 3-months low, while the BSE Sensex 30 index lost 1.16%.

The best performers of the session on the Nifty 50 were Trent Ltd (NS:TREN), which rose 0.74% or 47.85 points to trade at 6,528.55 at the close. Meanwhile, Infosys Ltd (NS:INFY) added 0.47% or 8.70 points to end at 1,868.80 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 0.35% or 6.25 points to 1,800.85 in late trade.

The worst performers of the session were Britannia Industries Ltd (NS:BRIT), which fell 7.49% or 407.10 points to trade at 5,027.55 at the close. Bharat Electronics Ltd (NS:BAJE) declined 3.20% or 9.60 points to end at 290.15 and NTPC Ltd (NS:NTPC) was down 3.12% or 12.25 points to 380.30.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 0.28% to 1,800.00, Infosys Ltd (BO:INFY) which was up 0.06% to settle at 1,861.10 and ICICI Bank Ltd (BO:ICBK) which gained 0.04% to close at 1,269.60.

The worst performers were NTPC Ltd (BO:NTPC) which was down 3.06% to 380.45 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 2.79% to settle at 2,471.80 and HDFC Bank Ltd (BO:HDBK) which was down 2.75% to 1,718.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1918 to 533 and 160 ended unchanged; on the Bombay Stock Exchange, 2589 fell and 1179 advanced, while 96 ended unchanged.

Shares in Asian Paints Ltd. (BO:ASPN) fell to 3-years lows; falling 2.79% or 70.85 to 2,471.80.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.28% to 14.74.

Gold Futures for December delivery was down 0.76% or 19.90 to $2,597.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.56% or 0.38 to hit $68.42 a barrel, while the January Brent oil contract rose 0.52% or 0.37 to trade at $72.20 a barrel.

USD/INR was down 0.03% to 84.39, while EUR/INR fell 0.45% to 89.55.

The US Dollar Index Futures was up 0.34% at 105.82.

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