India stocks lower at close of trade; Nifty 50 down 2.42%

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXMPED690JL_M.jpg
© Reuters. India stocks lower at close of trade; Nifty 50 down 2.42%© Reuters. India stocks lower at close of trade; Nifty 50 down 2.42%

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

At the close in NSE, the declined 2.42% to hit a new 3-years low, while the index declined 2.01%.

The best performers of the session on the were ITC Ltd (NS:), which rose 6.77% or 10.20 points to trade at 160.90 at the close. Meanwhile, Bharti Airtel Ltd. (NS:) added 4.46% or 19.00 points to end at 444.55 and Infosys Ltd (NS:) was up 3.28% or 17.50 points to 551.80 in late trade.

The worst performers of the session were Bharti Infratel Ltd (NS:), which fell 18.28% or 27.40 points to trade at 122.50 at the close. Coal India Ltd (NS:) declined 15.51% or 22.50 points to end at 122.55 and Zee Entertainment Enterprises Ltd. (NS:) was down 13.80% or 22.65 points to 141.45.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:) which rose 7.50% to 161.95, Bharti Airtel Ltd (BO:) which was up 4.39% to settle at 444.90 and Kotak Mahindra Bank Ltd. (BO:) which gained 2.96% to close at 1207.75.

The worst performers were Bajaj Finance Ltd (BO:) which was down 10.24% to 2748.65 in late trade, Maruti Suzuki India Ltd. (BO:) which lost 9.85% to settle at 4826.05 and AXIS Bank Ltd. (BO:) which was down 9.50% to 427.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1229 to 314 and 86 ended unchanged; on the Bombay Stock Exchange, 1744 fell and 538 advanced, while 141 ended unchanged.

Shares in Bharti Infratel Ltd (NS:) fell to all time lows; falling 18.28% or 27.40 to 122.50. Shares in Coal India Ltd (NS:) fell to all time lows; falling 15.51% or 22.50 to 122.55. Shares in Bajaj Finance Ltd (BO:) fell to 52-week lows; losing 10.24% or 313.50 to 2748.65. Shares in Maruti Suzuki India Ltd. (BO:) fell to 3-years lows; losing 9.85% or 527.25 to 4826.05. Shares in AXIS Bank Ltd. (BO:) fell to 3-years lows; falling 9.50% or 44.90 to 427.75.

The , which measures the implied volatility of Nifty 50 options, was up 12.89% to 72.1975 a new 5-year high.

Gold Futures for April delivery was up 0.12% or 1.70 to $1479.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 11.71% or 2.44 to hit $23.27 a barrel, while the May Brent oil contract rose 5.87% or 1.46 to trade at $26.34 a barrel.

USD/INR was up 0.85% to 75.180, while EUR/INR fell 0.18% to 81.2065.

The US Dollar Index Futures was up 0.77% at 102.320.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment