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India stocks lower at close of trade; Nifty 50 down 1.31%

Published 11/28/2024, 05:30 AM
Updated 11/28/2024, 05:35 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.31%
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Investing.com – India stocks were lower after the close on Thursday, as losses in the Technology, Auto and Consumer Durables sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.31%, while the BSE Sensex 30 index fell 1.33%.

The best performers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 1.64% or 39.30 points to trade at 2,437.10 at the close. Meanwhile, Shriram Finance Ltd. (NS:SHMF) added 0.82% or 24.70 points to end at 3,043.70 and State Bank Of India (NS:SBI) was up 0.57% or 4.75 points to 838.85 in late trade.

The worst performers of the session were SBI Life Insurance Company Ltd (NS:SBIL), which fell 5.10% or 76.80 points to trade at 1,428.60 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) declined 3.53% or 106.10 points to end at 2,898.70 and Infosys Ltd (NS:INFY) was down 3.53% or 67.85 points to 1,856.65.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 0.80% to 840.90, ITC Ltd (BO:ITC) which was down 0.20% to settle at 475.75 and Tata Motors Ltd (BO:TAMO) which lost 0.31% to close at 781.90.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 3.36% to 2,903.35 in late trade, Infosys Ltd (BO:INFY) which lost 3.28% to settle at 1,861.05 and HCL Technologies Ltd (BO:HCLT) which was down 2.45% to 1,843.80 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1342 to 1114 and 166 ended unchanged; on the Bombay Stock Exchange, 2165 rose and 1607 declined, while 102 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.64% to 15.16.

Gold Futures for February delivery was up 0.22% or 5.79 to $2,670.59 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.60% or 0.41 to hit $69.13 a barrel, while the February Brent oil contract rose 0.62% or 0.45 to trade at $72.75 a barrel.

USD/INR was up 0.08% to 84.50, while EUR/INR fell 0.15% to 89.07.

The US Dollar Index Futures was up 0.23% at 106.29.

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