India stocks lower at close of trade; Nifty 50 down 1.44%

This post was originally published on this site

At the close in NSE, the Nifty 50 lost 1.44%, while the BSE Sensex 30 index fell 1.35%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 1.56% or 4.70 points to trade at 305.90 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 0.87% or 21.80 points to end at 2,521.00 and Tata Consultancy Services Ltd. (NS:TCS) was up 0.34% or 11.00 points to 3,222.95 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 6.72% or 22.80 points to trade at 316.45 at the close. UPL Ltd (NS:UPLL) declined 6.20% or 40.55 points to end at 613.65 and Tata Steel Ltd (NS:TISC) was down 5.28% or 46.70 points to 838.10.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 0.31% to 3,222.00, Hindustan Unilever Ltd. (BO:HLL) which was up 0.18% to settle at 2,208.85 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.05% to close at 210.50.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 5.24% to 837.95 in late trade, Wipro Ltd (BO:WIPR) which lost 3.29% to settle at 411.25 and Reliance Industries Ltd (BO:RELI) which was down 3.07% to 2,505.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1284 to 546 and 41 ended unchanged; on the Bombay Stock Exchange, 1994 fell and 1223 advanced, while 107 ended unchanged.

Shares in Hindalco Industries Ltd. (NS:HALC) fell to 52-week lows; falling 6.72% or 22.80 to 316.45. Shares in UPL Ltd (NS:UPLL) fell to 52-week lows; losing 6.20% or 40.55 to 613.65. Shares in Tata Steel Ltd (NS:TISC) fell to 52-week lows; losing 5.28% or 46.70 to 838.10. Shares in Tata Steel Ltd (BO:TISC) fell to 52-week lows; losing 5.24% or 46.30 to 837.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.74% to 21.30.

Gold Futures for August delivery was down 0.36% or 6.55 to $1,832.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 4.43% or 4.85 to hit $104.67 a barrel, while the August Brent oil contract fell 3.92% or 4.50 to trade at $110.15 a barrel.

USD/INR was up 0.23% to 78.33, while EUR/INR rose 0.26% to 82.43.

The US Dollar Index Futures was up 0.06% at 104.27.