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India shares lower at close of trade; Nifty 50 unchanged

Published 08/11/2024, 10:30
Updated 08/11/2024, 10:35
© Reuters India shares lower at close of trade; Nifty 50 unchanged
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Investing.com – India equities were lower at the close on Friday, as losses in the Real Estate, Oil & Gas and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 unchanged 0.00%, while the BSE Sensex 30 index fell 0.26%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 2.89% or 83.55 points to trade at 2,974.90 at the close. Titan Company Ltd (NS:TITN) added 2.10% or 65.40 points to end at 3,186.25 and Tech Mahindra Ltd (NS:TEML) was up 1.84% or 30.35 points to 1,681.35 in late trade.

Biggest losers included Trent Ltd (NS:TREN), which lost 3.18% or 206.55 points to trade at 6,298.95 in late trade. Coal India Ltd (NS:COAL) declined 2.60% or 11.30 points to end at 424.05 and Asian Paints Ltd. (NS:ASPN) shed 2.58% or 73.40 points to 2,769.45.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 2.69% to 2,967.65, Titan Company Ltd (BO:TITN) which was up 2.13% to settle at 3,186.35 and Tech Mahindra Ltd (BO:TEML) which gained 1.59% to close at 1,677.35.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 2.62% to 2,769.00 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.35% to settle at 147.35 and State Bank Of India (BO:SBI) which was down 2.11% to 841.10 at the close.

Declining stocks outnumbered rising ones by 1841 to 627 and 146 ended unchanged; on the Bombay Stock Exchange, 2449 fell and 1328 advanced, while 93 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.15% to 20.08.

In commodities trading, Gold Futures for December delivery was down 0.49% or 13.15 to $2,692.65 a troy ounce. Meanwhile, Crude oil for delivery in December fell 1.62% or 1.17 to hit $71.19 a barrel, while the January Brent oil contract fell 1.35% or 1.02 to trade at $74.61 a barrel.

USD/INR was up 0.09% to 84.37, while EUR/INR fell 0.21% to 90.88.

The US Dollar Index Futures was up 0.06% at 104.44.

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