India shares lower at close of trade; Nifty 50 down 0.48%

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India shares lower at close of trade; Nifty 50 down 0.48% – India equities were lower at the close on Thursday, as losses in the IT , Technology and Metals sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.48%, while the BSE Sensex 30 index lost 0.55%.

The biggest gainers of the session on the Nifty 50 were Kotak Mahindra Bank Ltd. (NS: KTKM ), which rose 6.37% or 128.30 points to trade at 2143.75 at the close. Tata Motors Ltd (NS: TAMO ) added 4.33% or 21.10 points to end at 508.00 and Grasim Industries Ltd (NS: GRAS ) was up 3.52% or 59.50 points to 1752.00 in late trade.

Biggest losers included Asian Paints Ltd. (NS: ASPN ), which lost 5.29% or 167.60 points to trade at 3002.00 in late trade. Hindalco Industries Ltd. (NS: HALC ) declined 3.74% or 19.20 points to end at 493.75 and Reliance Industries Ltd (NS: RELI ) shed 2.88% or 77.90 points to 2622.50.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO: KTKM ) which rose 6.51% to 2145.65, Housing Development Finance Corporation Ltd (BO: HDFC ) which was up 1.70% to settle at 2842.90 and ICICI Bank Ltd (BO: ICBK ) which gained 1.52% to close at 756.85.

The worst performers were Asian Paints Ltd. (BO: ASPN ) which was down 5.21% to 3003.50 in late trade, Reliance Industries Ltd (BO: RELI ) which lost 2.85% to settle at 2623.00 and Infosys Ltd (BO: INFY ) which was down 2.59% to 1753.85 at the close.

Declining stocks outnumbered rising ones by 918 to 801 and 50 ended unchanged; on the Bombay Stock Exchange, 1586 fell and 1529 advanced, while 128 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 1.52% to 18.0350.

In commodities trading, Gold Futures for December delivery was up 0.10% or 1.70 to $1786.60 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.67% or 0.56 to hit $82.86 a barrel, while the December Brent oil contract fell 1.10% or 0.94 to trade at $84.88 a barrel.

USD/INR was up 0.04% to 74.823, while EUR/INR fell 0.04% to 87.0860.

The US Dollar Index Futures was up 0.13% at 93.653.

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