India shares lower at close of trade; Nifty 50 down 2.11%

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India shares lower at close of trade; Nifty 50 down 2.11%

Investing.com – India equities were lower at the close on Thursday, as losses in the Metals , Public Sector Undertakings and Real Estate sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 2.11% to hit a new 52-week low, while the BSE Sensex 30 index lost 1.99%.

The biggest gainers of the session on the Nifty 50 were Nestle India Ltd (NS: NEST ), which rose 0.43% or 71.70 points to trade at 16,874.00 at the close. Britannia Industries Ltd (NS: BRIT ) added 0.17% or 5.70 points to end at 3,391.10 and Hindustan Unilever Ltd. (NS: HLL ) was up 0.01% or 0.15 points to 2,146.70 in late trade.

Biggest losers included Tata Steel Ltd (NS: TISC ), which lost 6.03% or 57.85 points to trade at 901.70 in late trade. Hindalco Industries Ltd. (NS: HALC ) declined 5.99% or 21.40 points to end at 336.10 and Coal India Ltd (NS: COAL ) shed 5.34% or 10.15 points to 179.90.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO: NEST ) which rose 0.30% to 16,872.80, Asian Paints Ltd. (BO: ASPN ) which was down 0.12% to settle at 2,657.45 and Hindustan Unilever Ltd. (BO: HLL ) which lost 0.19% to close at 2,146.40.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 6.04% to 901.70 in late trade, Tech Mahindra Ltd (BO: TEML ) which lost 4.37% to settle at 975.50 and Bharti Airtel Ltd (BO: BRTI ) which was down 4.11% to 653.95 at the close.

Declining stocks outnumbered rising ones by 1651 to 203 and 22 ended unchanged; on the Bombay Stock Exchange, 2650 fell and 607 advanced, while 99 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 3.25% to 22.87.

In commodities trading, Gold Futures for August delivery was up 0.18% or 3.20 to $1,822.80 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.97% or 1.12 to hit $114.19 a barrel, while the August Brent oil contract fell 1.05% or 1.25 to trade at $117.26 a barrel.

USD/INR was up 0.23% to 78.07, while EUR/INR fell 0.52% to 81.18.

The US Dollar Index Futures was down 0.01% at 104.93.

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