India stocks lower at close of trade; Nifty 50 down 0.50%

Financial Eye – 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 0.50%, while the index declined 0.57%.

The best performers of the session on the were Titan Company Ltd (NS:), which rose 2.66% or 70.95 points to trade at 2,737.60 at the close. Meanwhile, Hindustan Unilever Ltd. (NS:) added 2.64% or 69.15 points to end at 2,692.75 and Asian Paints Ltd. (NS:) was up 2.38% or 79.95 points to 3,436.00 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:), which fell 3.06% or 6.95 points to trade at 220.10 at the close. AXIS Bank Ltd (NS:) declined 2.15% or 17.35 points to end at 789.20 and HDFC Bank Ltd (NS:) was down 2.13% or 32.35 points to 1,486.00.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:) which rose 2.73% to 2,737.90, Hindustan Unilever Ltd. (BO:) which was up 2.64% to settle at 2,693.05 and Asian Paints Ltd. (BO:) which gained 2.51% to close at 3,439.00.

The worst performers were Power Grid Corporation of India Ltd (BO:) which was down 2.80% to 220.05 in late trade, HDFC Bank Ltd (BO:) which lost 2.18% to settle at 1,485.70 and AXIS Bank Ltd. (BO:) which was down 2.09% to 789.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 968 to 870 and 47 ended unchanged; on the Bombay Stock Exchange, 1745 rose and 1555 declined, while 143 ended unchanged.

Shares in Titan Company Ltd (NS:) rose to all time highs; rising 2.66% or 70.95 to 2,737.60. Shares in Titan Company Ltd (BO:) rose to all time highs; up 2.73% or 72.75 to 2,737.90.

The , which measures the implied volatility of Nifty 50 options, was down 2.64% to 18.82.

Gold Futures for December delivery was down 0.03% or 0.50 to $1,675.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.47% or 0.39 to hit $83.33 a barrel, while the November Brent oil contract rose 0.42% or 0.38 to trade at $90.21 a barrel.

USD/INR was up 1.04% to 80.88, while EUR/INR rose 1.68% to 79.91.

The US Dollar Index Futures was up 0.28% at 110.66.