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India shares lower at close of trade; Nifty 50 down 1.24%

Published 2019-08-01, 06:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 1.24%
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Investing.com – India equities were lower at the close on Thursday, as losses in the Metals, Technology and IT sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.24% to hit a new 3-month low, while the BSE Sensex 30 index declined 1.23%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd (NS:BHRI), which rose 1.93% or 4.75 points to trade at 250.95 at the close. Wipro Ltd (NS:WIPR) added 2.11% or 5.60 points to end at 270.40 and Maruti Suzuki India Ltd. (NS:MRTI) was up 2.13% or 116.30 points to 5572.60 in late trade.

Biggest losers included Vedanta Ltd (NS:VDAN), which lost 5.61% or 8.65 points to trade at 145.45 in late trade. JSW Steel Ltd (NS:JSTL) declined 5.01% or 11.90 points to end at 225.25 and State Bank Of India (NS:SBI) shed 4.70% or 15.60 points to 317.15.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 1.86% to 5574.10, Power Grid Corporation of India Ltd (BO:PGRD) which was up 1.45% to settle at 214.05 and Reliance Industries Ltd (BO:RELI) which gained 1.25% to close at 1180.55.

The worst performers were Vedanta Ltd (BO:VDAN) which was down 5.55% to 145.60 in late trade, Tata Motors Ltd (BO:TAMO) which lost 4.50% to settle at 129.50 and State Bank Of India (BO:SBI) which was down 4.47% to 317.20 at the close.

Declining stocks outnumbered rising ones by 1107 to 474 and 57 ended unchanged; on the Bombay Stock Exchange, 1543 fell and 808 advanced, while 135 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.12% to 14.5575 a new 1-month high.

In commodities trading, Gold Futures for December delivery was down 1.25% or 17.95 to $1419.85 a troy ounce. Meanwhile, Crude oil for delivery in September fell 1.37% or 0.80 to hit $57.78 a barrel, while the October Brent oil contract fell 1.03% or 0.67 to trade at $64.38 a barrel.

USD/INR was up 0.36% to 69.108, while EUR/INR rose 0.04% to 76.2840.

The US Dollar Index Futures was up 0.36% at 98.613.

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