India stocks lower at close of trade; Nifty 50 down 0.60%

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 lost 0.60%, while the index declined 0.66%.

The best performers of the session on the were Cipla Ltd. (NS:), which rose 9.78% or 104.50 points to trade at 1,173.00 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:) added 2.30% or 25.60 points to end at 1,137.60 and Divi’s Laboratories Ltd. (NS:) was up 2.03% or 74.55 points to 3,755.00 in late trade.

The worst performers of the session were Mahindra & Mahindra Ltd. (NS:), which fell 6.20% or 95.85 points to trade at 1,449.00 at the close. Tech Mahindra Ltd (NS:) declined 3.64% or 41.65 points to end at 1,101.55 and Tata Consumer Products Ltd (NS:) was down 2.71% or 23.70 points to 850.20.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:) which rose 2.10% to 1,135.10, Bharti Airtel Ltd (BO:) which was up 0.69% to settle at 894.50 and Larsen & Toubro Ltd (BO:) which gained 0.62% to close at 2,663.00.

The worst performers were Mahindra & Mahindra Ltd. (BO:) which was down 6.39% to 1,446.85 in late trade, Tech Mahindra Ltd (BO:) which lost 3.82% to settle at 1,100.30 and Nestle India Ltd (BO:) which was down 2.08% to 22,330.60 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 976 to 976 and 68 ended unchanged; on the Bombay Stock Exchange, 1726 fell and 1717 advanced, while 131 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (NS:) rose to 5-year highs; gaining 2.30% or 25.60 to 1,137.60. Shares in Sun Pharmaceutical Industries Ltd. (BO:) rose to 5-year highs; gaining 2.10% or 23.30 to 1,135.10. Shares in Bharti Airtel Ltd (BO:) rose to all time highs; rising 0.69% or 6.15 to 894.50. Shares in Larsen & Toubro Ltd (BO:) rose to all time highs; gaining 0.62% or 16.45 to 2,663.00.

The , which measures the implied volatility of Nifty 50 options, was up 0.53% to 10.51.

Gold Futures for August delivery was up 0.32% or 6.30 to $1,976.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.88% or 0.69 to hit $79.47 a barrel, while the October Brent oil contract rose 0.63% or 0.52 to trade at $83.08 a barrel.

USD/INR was down 0.13% to 81.95, while EUR/INR rose 0.51% to 91.31.

The US Dollar Index Futures was down 0.25% at 100.38.