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India shares lower at close of trade; Nifty 50 down 0.01%

Published 08/06/2018, 11:45
Updated 08/06/2018, 11:50
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.01%
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Investing.com – India equities were lower at the close on Friday, as losses in the Power, Metals and Fast Moving Consumer Goods sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.01%, while the BSE Sensex 30 index lost 0.05%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 8.02% or 39.20 points to trade at 528.25 at the close. Lupin Ltd (NS:LUPN) added 5.56% or 42.70 points to end at 810.05 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 4.83% or 95.00 points to 2062.90 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS:HALC), which lost 2.59% or 6.45 points to trade at 242.15 in late trade. Power Grid Corporation of India Ltd (NS:PGRD) declined 2.39% or 4.85 points to end at 197.90 and Housing Development Finance Corporation Ltd (NS:HDFC) shed 1.53% or 28.55 points to 1840.45.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 8.13% to 528.20, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 4.92% to settle at 2062.90 and Tata Motors Ltd DVR (BO:TAMdv) which gained 3.31% to close at 185.75.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.12% to 198.50 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 1.42% to settle at 1840.20 and AXIS Bank Ltd. (BO:AXBK) which was down 1.05% to 536.45 at the close.

Advancing stocks outnumbered falling ones by 902 to 689 and 48 ended unchanged; on the Bombay Stock Exchange, 1434 rose and 1127 declined, while 134 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.63% to 12.6975.

In commodities trading, Gold Futures for August delivery was up 0.05% or 0.70 to $1303.70 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.47% or 0.31 to hit $65.64 a barrel, while the August Brent oil contract fell 0.78% or 0.60 to trade at $76.72 a barrel.

USD/INR was up 0.39% to 67.675, while EUR/INR fell 0.07% to 79.4864.

The US Dollar Index Futures was up 0.32% at 93.73.

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