December 23, 2024

Oil And Gold News

Oil And Gold Forecast, News and Analysis

India stocks lower at close of trade; Nifty 50 down 1.18%

Oil And Gold Forecast, News and Analysis:

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

At the close in NSE, the Nifty 50 lost 1.18%, while the BSE Sensex 30 index fell 1.06%.

The best performers of the session on the Nifty 50 were Apollo Hospitals Enterprises Ltd. (NS:APLH), which rose 6.55% or 456.75 points to trade at 7,424.85 at the close. Meanwhile, State Bank Of India (NS:SBI) added 0.56% or 4.80 points to end at 859.60 and HDFC Life Insurance Company Ltd (NS:HDFL) was up 0.42% or 3.00 points to 711.70 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 8.49% or 60.10 points to trade at 648.10 at the close. Trent Ltd (NS:TREN) declined 6.47% or 449.95 points to end at 6,505.50 and Shriram Finance Ltd. (NS:SHMF) was down 3.66% or 116.55 points to 3,070.15.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 0.50% to 859.00, Tata Consultancy Services Ltd. (BO:TCS) which was down 0.10% to settle at 4,134.75 and Larsen & Toubro Ltd (BO:LART) which lost 0.18% to close at 3,640.00.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.21% to 1,656.00 in late trade, Tata Motors Ltd (BO:TAMO) which lost 2.10% to settle at 822.00 and UltraTech Cement Ltd (BO:ULTC) which was down 2.01% to 11,044.80 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1531 to 918 and 131 ended unchanged; on the Bombay Stock Exchange, 2001 fell and 1766 advanced, while 96 ended unchanged.

Shares in Apollo Hospitals Enterprises Ltd. (NS:APLH) rose to all time highs; up 6.55% or 456.75 to 7,424.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.86% to 14.99.

Gold Futures for December delivery was down 0.07% or 2.00 to $2,674.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.81% or 0.58 to hit $71.11 a barrel, while the January Brent oil contract fell 0.64% or 0.48 to trade at $74.44 a barrel.

USD/INR was up 0.05% to 84.35, while EUR/INR rose 0.32% to 90.74.

The US Dollar Index Futures was down 0.22% at 104.76.

Source: https://www.investing.com/