India stocks lower at close of trade; Nifty 50 down 0.22%

Investing.com – India stocks were lower after the close on Friday, as losses in the Oil&Gas, Public Sector Undertakings and Banking sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.22%, while the BSE Sensex 30 index fell 0.23%.

The best performers of the session on the Nifty 50 were Tata Consumer Products Ltd (NS:TACN), which rose 4.40% or 45.80 points to trade at 1,086.80 at the close. Meanwhile, Tata Motors Ltd (NS:TAMO) added 3.46% or 26.05 points to end at 779.95 and Bajaj Auto Ltd (NS:BAJA) was up 1.40% or 93.95 points to 6,797.25 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 3.25% or 15.15 points to trade at 450.65 at the close. State Bank Of India (NS:SBI) declined 1.44% or 9.35 points to end at 642.05 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was down 1.34% or 2.80 points to 205.50.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 1.60% to 26,661.00, Hindustan Unilever Ltd. (BO:HLL) which was up 1.12% to settle at 2,663.35 and Tata Steel Ltd (BO:TISC) which gained 0.98% to close at 139.50.

The worst performers were State Bank Of India (BO:SBI) which was down 1.41% to 641.95 in late trade, Infosys Ltd (BO:INFY) which lost 1.29% to settle at 1,542.85 and Titan Company Ltd (BO:TITN) which was down 1.09% to 3,675.95 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1129 to 973 and 54 ended unchanged; on the Bombay Stock Exchange, 1961 rose and 1673 declined, while 121 ended unchanged.

Shares in Tata Consumer Products Ltd (NS:TACN) rose to all time highs; rising 4.40% or 45.80 to 1,086.80. Shares in Tata Motors Ltd (NS:TAMO) rose to all time highs; gaining 3.46% or 26.05 to 779.95. Shares in Bajaj Auto Ltd (NS:BAJA) rose to all time highs; rising 1.40% or 93.95 to 6,797.25. Shares in Nestle India Ltd (BO:NEST) rose to all time highs; rising 1.60% or 420.35 to 26,661.00. Shares in Tata Steel Ltd (BO:TISC) rose to 52-week highs; gaining 0.98% or 1.35 to 139.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.21% to 14.50.

Gold Futures for February delivery was down 0.58% or 12.05 to $2,071.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.08% or 0.06 to hit $71.83 a barrel, while the March Brent oil contract rose 0.30% or 0.23 to trade at $77.38 a barrel.

USD/INR was down 0.01% to 83.19, while EUR/INR unchanged 0.00% to 91.97.

The US Dollar Index Futures was up 0.15% at 101.07.