India stocks lower at close of trade; Nifty 50 down 0.47%

Investing.com – India stocks were lower after the close on Thursday, as losses in the Technology, IT and Fast Moving Consumer Goods sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.47%, while the BSE Sensex 30 index fell 0.51%.

The best performers of the session on the Nifty 50 were Bajaj Auto Ltd (NS:BAJA), which rose 5.23% or 377.15 points to trade at 7,590.00 at the close. Meanwhile, Adani Ports and Special Economic Zone Ltd (NS:APSE) added 2.71% or 30.40 points to end at 1,151.00 and Coal India Ltd (NS:COAL) was up 2.04% or 7.80 points to 390.40 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NS:TEML), which fell 5.89% or 82.95 points to trade at 1,325.00 at the close. Cipla Ltd. (NS:CIPL) declined 3.00% or 42.55 points to end at 1,374.80 and Bharti Airtel Ltd. (NS:BRTI) was down 2.53% or 30.15 points to 1,159.80.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 1.78% to 314.65, IndusInd Bank Ltd. (BO:INBK) which was up 1.00% to settle at 1,505.45 and ICICI Bank Ltd (BO:ICBK) which gained 0.94% to close at 1,008.55.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 6.02% to 1,323.00 in late trade, Bharti Airtel Ltd (BO:BRTI) which lost 2.54% to settle at 1,160.25 and LTIMindtree Ltd (BO:LTIM) which was down 2.14% to 5,501.40 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1220 to 894 and 48 ended unchanged; on the Bombay Stock Exchange, 2089 rose and 1592 declined, while 83 ended unchanged.

Shares in Bajaj Auto Ltd (NS:BAJA) rose to all time highs; gaining 5.23% or 377.15 to 7,590.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.55% to 13.86.

Gold Futures for February delivery was up 0.11% or 2.15 to $2,018.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.50% or 1.13 to hit $76.22 a barrel, while the March Brent oil contract rose 1.35% or 1.08 to trade at $81.12 a barrel.

USD/INR was down 0.05% to 83.11, while EUR/INR rose 0.03% to 90.54.

The US Dollar Index Futures was down 0.06% at 102.98.