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India stocks lower at close of trade; Nifty 50 down 1.25%

Published 08/02/2024, 06:30 AM
Updated 08/02/2024, 06:35 AM
© Reuters India stocks lower at close of trade; Nifty 50 down 1.25%
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Investing.com – India stocks were lower after the close on Friday, as losses in the Real Estate, Metals and Auto sectors led shares lower.

At the close in NSE, the Nifty 50 fell 1.25%, while the BSE Sensex 30 index lost 1.08%.

The best performers of the session on the Nifty 50 were Divi's Laboratories Ltd. (NS:DIVI), which rose 1.55% or 76.10 points to trade at 4,994.00 at the close. Meanwhile, HDFC Bank Ltd (NS:HDBK) added 1.18% or 19.30 points to end at 1,658.10 and Dr Reddy’s Laboratories Ltd (NS:REDY) was up 0.84% or 57.75 points to 6,945.70 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 5.15% or 255.80 points to trade at 4,713.00 at the close. Maruti Suzuki India Ltd. (NS:MRTI) declined 4.96% or 661.95 points to end at 12,697.10 and Tata Motors Ltd (NS:TAMO) was down 4.32% or 49.40 points to 1,095.00.

The top performers on the BSE Sensex 30 were HDFC Bank Ltd (BO:HDBK) which rose 1.10% to 1,658.50, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 0.60% to settle at 1,726.20 and Nestle India Ltd (BO:NEST) which gained 0.48% to close at 2,496.00.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 4.94% to 12,690.00 in late trade, Tata Motors Ltd (BO:TAMO) which lost 4.42% to settle at 1,094.00 and JSW Steel Ltd (BO:JSTL) which was down 3.92% to 897.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1520 to 930 and 22 ended unchanged; on the Bombay Stock Exchange, 2072 fell and 1675 advanced, while 116 ended unchanged.

Shares in Divi's Laboratories Ltd. (NS:DIVI) rose to 52-week highs; rising 1.55% or 76.10 to 4,994.00. Shares in Dr Reddy’s Laboratories Ltd (NS:REDY) rose to all time highs; gaining 0.84% or 57.75 to 6,945.70. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to all time highs; gaining 0.60% or 10.25 to 1,726.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 11.41% to 14.40.

Gold Futures for December delivery was up 1.06% or 26.25 to $2,507.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.22% or 0.17 to hit $76.48 a barrel, while the October Brent oil contract rose 0.21% or 0.17 to trade at $79.69 a barrel.

USD/INR was up 0.04% to 83.76, while EUR/INR rose 0.29% to 90.61.

The US Dollar Index Futures was down 0.28% at 103.92.

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