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

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

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

The biggest gainers 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. 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.

Biggest losers included Hindalco Industries Ltd. (NS:HALC), which lost 8.49% or 60.10 points to trade at 648.10 in late trade. Trent Ltd (NS:TREN) declined 6.47% or 449.95 points to end at 6,505.50 and Shriram Finance Ltd. (NS:SHMF) shed 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.

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

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

In commodities trading, Gold Futures for December delivery was down 0.10% or 2.60 to $2,673.70 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.84% or 0.60 to hit $71.09 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 0.04% to 84.35, while EUR/INR rose 0.32% to 90.74.

The US Dollar Index Futures was down 0.21% at 104.76.