India shares lower at close of trade; Nifty 50 down 0.97% By Investing.com

India shares lower at close of trade; Nifty 50 down 0.97%

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Investing.com – India equities were lower at the close on Thursday, as losses in the IT, Technology and Consumer Durables sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.97% to hit a new 1-month low, while the BSE Sensex 30 index lost 1.00%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 2.88% or 21.65 points to trade at 773.85 at the close. State Bank Of India (NS:SBI) added 2.78% or 14.30 points to end at 528.95 and Maruti Suzuki India Ltd. (NS:MRTI) was up 2.53% or 217.60 points to 8820.20 in late trade.

Biggest losers included HCL Technologies Ltd (NS:HCLT), which lost 4.09% or 45.95 points to trade at 1077.75 in late trade. Tech Mahindra Ltd (NS:TEML) declined 3.67% or 55.00 points to end at 1445.60 and Dr. Reddy’s Laboratories Ltd (NS:REDY) shed 3.33% or 146.50 points to 4256.35.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 2.81% to 773.10, State Bank Of India (BO:SBI) which was up 2.75% to settle at 529.00 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 2.52% to close at 8817.25.

The worst performers were HCL Technologies Ltd (BO:HCLT) which was down 4.17% to 1077.90 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 3.66% to settle at 1445.65 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 3.42% to 4256.45 at the close.

Declining stocks outnumbered rising ones by 1051 to 750 and 26 ended unchanged; on the Bombay Stock Exchange, 1812 fell and 1454 advanced, while 91 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.37% to 21.0650.

In commodities trading, Gold Futures for February delivery was down 0.87% or 15.85 to $1813.85 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.26% or 0.23 to hit $87.58 a barrel, while the April Brent oil contract rose 0.24% or 0.21 to trade at $88.95 a barrel.

USD/INR was up 0.08% to 75.096, while EUR/INR fell 0.08% to 84.0705.

The US Dollar Index Futures was up 0.46% at 96.840.

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