India stocks lower at close of trade; Nifty 50 down 0.07%

 India stocks lower at close of trade; Nifty 50 down 0.07%
imageStock Markets2 hours ago (Aug 13, 2020 06:45AM ET)

(C) Reuters. India stocks lower at close of trade; Nifty 50 down 0.07%

Investing.com – India stocks were lower after the close on Thursday, as losses in the Healthcare, Banking and Technology sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.07%, while the BSE Sensex 30 index lost 0.15%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 4.59% or 5.75 points to trade at 131.10 at the close. Meanwhile, Larsen & Toubro Ltd (NS:LART) added 4.39% or 41.65 points to end at 991.40 and Hindalco Industries Ltd. (NS:HALC) was up 4.21% or 7.40 points to 183.20 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. (NS:SUN), which fell 2.10% or 11.15 points to trade at 521.00 at the close. Eicher Motors Ltd. (NS:EICH) declined 2.06% or 456.60 points to end at 21660.05 and Bharti Airtel Ltd. (NS:BRTI) was down 2.04% or 11.20 points to 536.50.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART) which rose 4.31% to 990.55, Titan Company Ltd (BO:TITN) which was up 3.62% to settle at 1096.50 and HCL Technologies Ltd (BO:HCLT) which gained 1.21% to close at 725.45.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 2.35% to 535.65 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 2.11% to settle at 520.80 and NTPC Ltd (BO:NTPC) which was down 1.69% to 87.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 970 to 632 and 79 ended unchanged; on the Bombay Stock Exchange, 1485 rose and 1083 declined, while 130 ended unchanged.

Shares in HCL Technologies Ltd (BO:HCLT) rose to 52-week highs; rising 1.21% or 8.65 to 725.45.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.33% to 20.5675 a new 3-months low.

Gold Futures for December delivery was down 0.43% or 8.45 to $1940.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.02% or 0.01 to hit $42.66 a barrel, while the October Brent oil contract fell 0.15% or 0.07 to trade at $45.36 a barrel.

USD/INR was up 0.04% to 74.822, while EUR/INR rose 0.57% to 88.6220.

The US Dollar Index Futures was down 0.39% at 93.045.

India stocks lower at close of trade; Nifty 50 down 0.07%

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