India shares lower at close of trade; Nifty 50 down 0.97%

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India shares lower at close of trade; Nifty 50 down 0.97%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Thursday, as losses in the IT , Technology and Consumer Durables sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.97% to hit a new 1-month low, while the BSE Sensex 30 index lost 1.00%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd (NS: AXBK ), which rose 2.88% or 21.65 points to trade at 773.85 at the close. State Bank Of India (NS: SBI ) added 2.78% or 14.30 points to end at 528.95 and Maruti Suzuki India Ltd. (NS: MRTI ) was up 2.53% or 217.60 points to 8820.20 in late trade.

Biggest losers included HCL Technologies Ltd (NS: HCLT ), which lost 4.09% or 45.95 points to trade at 1077.75 in late trade. Tech Mahindra Ltd (NS: TEML ) declined 3.67% or 55.00 points to end at 1445.60 and Dr. Reddy’s Laboratories Ltd (NS: REDY ) shed 3.33% or 146.50 points to 4256.35.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO: AXBK ) which rose 2.81% to 773.10, State Bank Of India (BO: SBI ) which was up 2.75% to settle at 529.00 and Maruti Suzuki India Ltd. (BO: MRTI ) which gained 2.52% to close at 8817.25.

The worst performers were HCL Technologies Ltd (BO: HCLT ) which was down 4.17% to 1077.90 in late trade, Tech Mahindra Ltd (BO: TEML ) which lost 3.66% to settle at 1445.65 and Dr. Reddy’s Laboratories Ltd (BO: REDY ) which was down 3.42% to 4256.45 at the close.

Declining stocks outnumbered rising ones by 1051 to 750 and 26 ended unchanged; on the Bombay Stock Exchange, 1812 fell and 1454 advanced, while 91 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 1.37% to 21.0650.

In commodities trading, Gold Futures for February delivery was down 0.87% or 15.85 to $1813.85 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.26% or 0.23 to hit $87.58 a barrel, while the April Brent oil contract rose 0.24% or 0.21 to trade at $88.95 a barrel.

USD/INR was up 0.08% to 75.096, while EUR/INR fell 0.08% to 84.0705.

The US Dollar Index Futures was up 0.46% at 96.840.

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