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

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

At the close in NSE, the Nifty 50 lost 0.07%, while the BSE Sensex 30 index declined 0.16%.

The best performers of the session on the Nifty 50 were NTPC Ltd (NS:NTPC), which rose 3.76% or 7.60 points to trade at 209.55 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 3.01% or 7.55 points to end at 258.25 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was up 2.50% or 130.15 points to 5,345.65 in late trade.

The worst performers of the session were Bajaj Finserv Ltd (NS:BJFS), which fell 1.96% or 31.70 points to trade at 1,582.85 at the close. HDFC Bank Ltd (NS:HDBK) declined 1.82% or 30.45 points to end at 1,642.70 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was down 1.53% or 5.80 points to 373.45.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 3.96% to 210.00, Power Grid Corporation of India Ltd (BO:PGRD) which was up 3.05% to settle at 258.25 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 1.51% to close at 5,587.50.

The worst performers were Bajaj Finserv Ltd (BO:BJFS) which was down 1.75% to 1,584.15 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 1.72% to settle at 1,644.80 and HCL Technologies Ltd (BO:HCLT) which was down 1.27% to 1,103.25 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1010 to 942 and 76 ended unchanged; on the Bombay Stock Exchange, 1756 rose and 1642 declined, while 166 ended unchanged.

Shares in NTPC Ltd (NS:NTPC) rose to 5-year highs; gaining 3.76% or 7.60 to 209.55. Shares in Apollo Hospitals Enterprises Ltd. (NS:APLH) rose to 52-week highs; rising 2.50% or 130.15 to 5,345.65. Shares in NTPC Ltd (BO:NTPC) rose to 5-year highs; gaining 3.96% or 8.00 to 210.00. Shares in Dr. Reddy’s Laboratories Ltd (BO:REDY) rose to all time highs; rising 1.51% or 83.35 to 5,587.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.59% to 10.14 a new all time low.

Gold Futures for August delivery was up 0.37% or 7.15 to $1,952.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.22% or 0.18 to hit $79.91 a barrel, while the October Brent oil contract fell 0.32% or 0.27 to trade at $83.52 a barrel.

USD/INR was down 0.17% to 82.24, while EUR/INR rose 0.26% to 90.41.

The US Dollar Index Futures was down 0.15% at 101.39.