India stocks lower at close of trade; Nifty 50 down 0.22%

By Ritu,

Capital Sands

India stocks were lower after the close on Thursday, as losses in the BankingOil & Gas and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.22%, while the BSE Sensex 30 index declined 0.26%.

The best performers of the session on the Nifty 50 were Yes Bank Ltd, which rose 6.39% or 2.25 points to trade at 37.45 at the close. Meanwhile, Dr. Reddy’s Laboratories Ltd  added 3.95% or 126.30 points to end at 3322.00 and Zee Entertainment Enterprises Ltd.  was up 2.56% or 5.95 points to 238.00 in late trade.

The worst performers of the session were IndusInd Bank Ltd. , which fell 3.57% or 45.55 points to trade at 1231.85 at the close. Tata Steel Ltd  declined 1.77% or 7.95 points to end at 440.00 and NTPC Ltd was down 1.71% or 2.00 points to 114.80.

The top performers on the BSE Sensex 30 were Titan Company Ltd  which rose 2.37% to 1298.70, State Bank Of India  which was up 2.33% to settle at 327.45 and Infosys Ltd  which gained 1.45% to close at 792.35.

The worst performers were IndusInd Bank Ltd.  which was down 3.68% to 1230.20 in late trade, NTPC Ltd which lost 1.71% to settle at 114.65 and Tata Steel Ltd  which was down 1.57% to 440.90 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 861 to 642 and 103 ended unchanged; on the Bombay Stock Exchange, 1375 fell and 995 advanced, while 143 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd  rose to 3-years highs; gaining 3.95% or 126.30 to 3322.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.85% to 13.3700 a new 1-month low.

Gold Futures for April delivery was up 0.39% or 6.15 to $1577.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.70% or 0.36 to hit $50.81 a barrel, while the April Brent oil contract fell 1.08% or 0.60 to trade at $55.19 a barrel.

USD/INR was up 0.08% to 71.349, while EUR/INR rose 0.19% to 77.6490.

The US Dollar Index Futures was down 0.16% at 98.767.