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India stocks lower at close of trade; Nifty 50 down 0.89%

by October 17, 2024
written by October 17, 2024

Investing.com – India stocks were lower after the close on Thursday, as losses in the Real Estate, Auto and Consumer Durables sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.89% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.61%.

The best performers of the session on the Nifty 50 were Infosys Ltd (NS:INFY), which rose 2.50% or 48.00 points to trade at 1,968.10 at the close. Meanwhile, Tech Mahindra Ltd (NS:TEML) added 2.33% or 38.70 points to end at 1,699.00 and Power Grid Corporation of India Ltd (NS:PGRD) was up 1.21% or 3.95 points to 331.15 in late trade.

The worst performers of the session were Bajaj Auto Ltd (NS:BAJA), which fell 12.89% or 1,497.50 points to trade at 10,119.45 at the close. Shriram Finance Ltd. (NS:SHMF) declined 3.89% or 131.80 points to end at 3,258.60 and Nestle India Ltd (NS:NEST) was down 3.39% or 83.55 points to 2,378.70.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 2.95% to 1,709.00, Infosys Ltd (BO:INFY) which was up 2.77% to settle at 1,973.05 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 1.30% to close at 331.35.

The worst performers were Nestle India Ltd (BO:NEST) which was down 3.45% to 2,377.30 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 3.34% to settle at 2,963.00 and UltraTech Cement Ltd (BO:ULTC) which was down 2.45% to 11,047.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1939 to 520 and 98 ended unchanged; on the Bombay Stock Exchange, 2569 fell and 1211 advanced, while 99 ended unchanged.

Shares in Infosys Ltd (NS:INFY) rose to all time highs; up 2.50% or 48.00 to 1,968.10. Shares in Tech Mahindra Ltd (NS:TEML) rose to 52-week highs; up 2.33% or 38.70 to 1,699.00. Shares in Tech Mahindra Ltd (BO:TEML) rose to 52-week highs; up 2.95% or 49.05 to 1,709.00. Shares in Infosys Ltd (BO:INFY) rose to all time highs; rising 2.77% or 53.15 to 1,973.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.87% to 13.43.

Gold Futures for December delivery was up 0.41% or 11.05 to $2,702.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.18% or 0.13 to hit $70.52 a barrel, while the December Brent oil contract rose 0.18% or 0.13 to trade at $74.35 a barrel.

USD/INR was up 0.02% to 84.07, while EUR/INR rose 0.03% to 91.31.

The US Dollar Index Futures was down 0.05% at 103.35.

This post appeared first on investing.com
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