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


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

Investing.com – India stocks were lower after the close on Friday, as losses in the , and sectors led shares lower.

NSE closed with the index losing 1.31% and the market lost 1.18%.

UPL Ltd. (NS:) was the best performer of the session, rising 2.12% or 14.80 point to close at 713.00. Meanwhile, Bharat Petroleum Corp. Ltd. (NS) increased 1.89%, or 7.15 point to finish at 386.00 Indian Oil Corporation In late trade, Ltd (NSS:) rose 1.28% to 122.20 or 1.55 point.

Power Grid Corporation of India Ltd. (NS) were the worst-performing session participants, dropping 3.92%. This was 8.40 points and putting them at 206.10 by the end. Reliance Industries Ltd (NS) fell 3.00%, or 74.60 point to finish at 2408.25 Kotak Mahindra Bank Ltd. (NS): was 2.55% lower or 50.05 points compared to 1914.20.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:) which rose 0.72% to 1801.85, IndusInd Bank Ltd. (BO:) which was up 0.61% to settle at 951.25 and Tata Steel Ltd (BO:) which gained 0.47% to close at 1118.00.

Power Grid Corporation of India Ltd. (BO) was the worst performer, falling 4.03% at 206.00 in late trading. Reliance Industries Ltd. (BO) lost 3.05% at 2408.15. Kotak Mahindra Bank Ltd. was also down at 1913.60.

Indian National Stock Exchange: Rising stocks outnumbered falling ones by 968, 792, 51 and 51 respectively. However, the Bombay Stock Exchange had 1760 rising and 1396 declining, with 141 ending unchanged.

The was up 2.03% from 18.4550 to measure the implied volatility for Nifty 50 options.

For February delivery, Gold Futures rose 0.52% to $1771.95 an ounce. Other commodities traded included Crude oil, which rose 2.5% or 1.67 in January to reach $68.17/barrel, and the February Brent Oil contract, which rose 2.58% or 1.80 in February to trade at $71.47/barrel.

USD/INR was up 0.9% to 75.113 and EUR/INR rose by 0.30%, to 84.9675

US Dollar Index Futures were down 0.1% at 96.145.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.