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India stocks lower at close of trade; Nifty 50 down 1.24%

Published 08/01/2019, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.24%
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Investing.com – India stocks were lower after the close on Thursday, as losses in the Metals, Technology and IT sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.24% to hit a new 3-months low, while the BSE Sensex 30 index lost 1.23%.

The best performers of the session on the Nifty 50 were Bharti Infratel Ltd (NS:BHRI), which rose 1.93% or 4.75 points to trade at 250.95 at the close. Meanwhile, Wipro Ltd (NS:WIPR) added 2.11% or 5.60 points to end at 270.40 and Maruti Suzuki India Ltd. (NS:MRTI) was up 2.13% or 116.30 points to 5572.60 in late trade.

The worst performers of the session were Vedanta Ltd (NS:VDAN), which fell 5.61% or 8.65 points to trade at 145.45 at the close. JSW Steel Ltd (NS:JSTL) declined 5.01% or 11.90 points to end at 225.25 and State Bank Of India (NS:SBI) was down 4.70% or 15.60 points to 317.15.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 1.86% to 5574.10, Power Grid Corporation of India Ltd (BO:PGRD) which was up 1.45% to settle at 214.05 and Reliance Industries Ltd (BO:RELI) which gained 1.25% to close at 1180.55.

The worst performers were Vedanta Ltd (BO:VDAN) which was down 5.55% to 145.60 in late trade, Tata Motors Ltd (BO:TAMO) which lost 4.50% to settle at 129.50 and State Bank Of India (BO:SBI) which was down 4.47% to 317.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1107 to 474 and 57 ended unchanged; on the Bombay Stock Exchange, 1543 fell and 808 advanced, while 135 ended unchanged.

Shares in Vedanta Ltd (NS:VDAN) fell to 3-years lows; falling 5.61% or 8.65 to 145.45. Shares in JSW Steel Ltd (NS:JSTL) fell to 52-week lows; down 5.01% or 11.90 to 225.25. Shares in Vedanta Ltd (BO:VDAN) fell to 3-years lows; down 5.55% or 8.55 to 145.60. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to 52-week highs; up 1.45% or 3.05 to 214.05. Shares in Tata Motors Ltd (BO:TAMO) fell to 5-year lows; losing 4.50% or 6.10 to 129.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.12% to 14.5575 a new 1-month high.

Gold Futures for December delivery was down 1.26% or 18.05 to $1419.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.37% or 0.80 to hit $57.78 a barrel, while the October Brent oil contract fell 1.03% or 0.67 to trade at $64.38 a barrel.

USD/INR was up 0.36% to 69.108, while EUR/INR rose 0.04% to 76.2840.

The US Dollar Index Futures was up 0.36% at 98.613.

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