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India shares lower at close of trade; Nifty 50 down 0.30%

Published 18/11/2024, 10:30
© Reuters India shares lower at close of trade; Nifty 50 down 0.30%
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Investing.com – India equities were lower at the close on Monday, as losses in the Technology, Oil & Gas and Fast Moving Consumer Goods sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.30% to hit a new 3-month low, while the BSE Sensex 30 index declined 0.27%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 3.78% or 23.70 points to trade at 651.05 at the close. Hero MotoCorp Ltd (NS:HROM) added 2.80% or 129.00 points to end at 4,733.00 and Tata Steel Ltd (NS:TISC) was up 2.34% or 3.23 points to 141.21 in late trade.

Biggest losers included Tata Consultancy Services Ltd. (NS:TCS), which lost 3.05% or 126.40 points to trade at 4,019.50 in late trade. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 3.02% or 9.00 points to end at 289.20 and Infosys Ltd (NS:INFY) shed 2.85% or 53.10 points to 1,811.45.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 2.39% to 141.30, Hindustan Unilever Ltd. (BO:HLL) which was up 1.46% to settle at 2,423.85 and Mahindra & Mahindra Ltd. (BO:MAHM) which gained 1.42% to close at 2,848.55.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 3.07% to 4,018.85 in late trade, Infosys Ltd (BO:INFY) which lost 2.62% to settle at 1,815.25 and Wipro Ltd (BO:WIPR) which was down 2.12% to 554.00 at the close.

Declining stocks outnumbered rising ones by 1608 to 890 and 162 ended unchanged; on the Bombay Stock Exchange, 2373 fell and 1539 advanced, while 124 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.52% to 15.30.

In commodities trading, Gold Futures for December delivery was up 0.99% or 25.50 to $2,595.60 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.67% or 0.45 to hit $67.37 a barrel, while the January Brent oil contract rose 0.72% or 0.51 to trade at $71.55 a barrel.

USD/INR was down 0.07% to 84.42, while EUR/INR rose 0.11% to 89.05.

The US Dollar Index Futures was down 0.01% at 106.61.

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