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India stocks lower at close of trade; Nifty 50 down 1.64%

imageStock Markets3 hours ago (Aug 03, 2020 06:45AM ET)

(C) Reuters. India stocks lower at close of trade; Nifty 50 down 1.64% – India stocks were lower after the close on Monday, as losses in the Banking, Carbon and Oil & Gas sectors led shares lower.

At the close in NSE, the Nifty 50 fell 1.64%, while the BSE Sensex 30 index fell 1.77%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 6.74% or 7.05 points to trade at 111.70 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 3.26% or 34.00 points to end at 1077.25 and Tata Steel Ltd (NS:TISC) was up 1.54% or 5.65 points to 371.95 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 5.36% or 25.65 points to trade at 452.50 at the close. IndusInd Bank Ltd. (NS:INBK) declined 3.74% or 19.60 points to end at 504.15 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 3.57% or 48.75 points to 1317.00.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 3.19% to 1076.55, Tata Steel Ltd (BO:TISC) which was up 1.87% to settle at 373.25 and HCL Technologies Ltd (BO:HCLT) which gained 0.43% to close at 708.50.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 4.41% to 1307.20 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 3.67% to settle at 504.40 and AXIS Bank Ltd. (BO:AXBK) which was down 3.30% to 417.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 872 to 728 and 83 ended unchanged; on the Bombay Stock Exchange, 1346 rose and 1157 declined, while 160 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.10% to 25.1850.

Gold Futures for October delivery was unchanged 0.00% or 0.00 to $1973.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.72% or 0.29 to hit $39.98 a barrel, while the October Brent oil contract fell 0.51% or 0.22 to trade at $43.30 a barrel.

USD/INR was up 0.47% to 75.267, while EUR/INR rose 0.01% to 88.2660.

The US Dollar Index Futures was up 0.46% at 93.752.

India stocks lower at close of trade; Nifty 50 down 1.64%

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