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India stocks lower at close of trade; Nifty 50 down 0.26%

imageStock Markets6 minutes ago (Jul 01, 2021 06:45AM ET)

(C) Reuters. India stocks lower at close of trade; Nifty 50 down 0.26%

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

At the close in NSE, the Nifty 50 fell 0.26%, while the BSE Sensex 30 index fell 0.31%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 2.50% or 135.45 points to trade at 5558.50 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 1.98% or 7.35 points to end at 379.40 and Bajaj Auto Ltd (NS:BAJA) was up 1.71% or 70.70 points to 4204.55 in late trade.

The worst performers of the session were Bajaj Finserv Ltd (NS:BJFS), which fell 2.42% or 292.60 points to trade at 11816.45 at the close. Shree Cements Ltd. (NS:SHCM) declined 1.62% or 444.65 points to end at 27059.95 and Britannia Industries Ltd (NS:BRIT) was down 1.48% or 53.85 points to 3595.80.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 2.56% to 5559.15, Bajaj Auto Ltd (BO:BAJA) which was up 1.84% to settle at 4209.00 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 1.37% to close at 684.75.

The worst performers were Bajaj Finserv Ltd (BO:BJFS) which was down 2.20% to 11850.00 in late trade, Infosys Ltd (BO:INFY) which lost 1.32% to settle at 1560.45 and UltraTech Cement Ltd (BO:ULTC) which was down 1.02% to 6707.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 859 to 811 and 56 ended unchanged; on the Bombay Stock Exchange, 1570 rose and 1496 declined, while 116 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) rose to all time highs; up 2.50% or 135.45 to 5558.50. Shares in Dr. Reddy’s Laboratories Ltd (BO:REDY) rose to all time highs; up 2.56% or 138.80 to 5559.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.57% to 12.8400 a new 52-week low.

Gold Futures for August delivery was up 0.18% or 3.25 to $1774.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.92% or 1.41 to hit $74.88 a barrel, while the September Brent oil contract rose 1.69% or 1.26 to trade at $75.88 a barrel.

USD/INR was up 0.27% to 74.561, while EUR/INR rose 0.27% to 88.3955.

The US Dollar Index Futures was up 0.07% at 92.493.

India stocks lower at close of trade; Nifty 50 down 0.26%

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