India shares lower at close of trade; Nifty 50 down 0.96%

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India shares lower at close of trade; Nifty 50 down 0.96% – India equities were lower at the close on Thursday, as losses in the Metals , Banking and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.96%, while the BSE Sensex 30 index declined 0.92%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd (NS: TEML ), which rose 1.39% or 14.50 points to trade at 1060.40 at the close. SBI Life Insurance Company Ltd (NS: SBIL ) added 0.71% or 7.20 points to end at 1021.60 and Eicher Motors Ltd. (NS: EICH ) was up 0.68% or 18.45 points to 2729.30 in late trade.

Biggest losers included Tata Motors Ltd (NS: TAMO ), which lost 3.39% or 10.75 points to trade at 306.35 in late trade. JSW Steel Ltd (NS: JSTL ) declined 3.21% or 22.15 points to end at 668.25 and Bajaj Auto Ltd (NS: BAJA ) shed 2.75% or 115.25 points to 4073.00.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO: TEML ) which rose 1.32% to 1059.80, HCL Technologies Ltd (BO: HCLT ) which was up 0.15% to settle at 976.90 and Power Grid Corporation of India Ltd (BO: PGRD ) which gained 0.15% to close at 231.20.

The worst performers were Bajaj Auto Ltd (BO: BAJA ) which was down 2.71% to 4073.15 in late trade, Tata Steel Ltd (BO: TISC ) which lost 2.30% to settle at 1189.75 and Sun Pharmaceutical Industries Ltd. (BO: SUN ) which was down 1.96% to 667.00 at the close.

Declining stocks outnumbered rising ones by 1040 to 645 and 42 ended unchanged; on the Bombay Stock Exchange, 1654 fell and 1385 advanced, while 133 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 11.03% to 13.5600.

In commodities trading, Gold Futures for August delivery was up 0.58% or 10.45 to $1812.55 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.27% or 0.92 to hit $71.28 a barrel, while the September Brent oil contract fell 1.02% or 0.75 to trade at $72.68 a barrel.

USD/INR was up 0.08% to 74.847, while EUR/INR rose 0.44% to 88.5555.

The US Dollar Index Futures was down 0.14% at 92.517.

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