India stocks lower at close of trade; Nifty 50 down 0.14%

Investing.com – India stocks were lower after the close on Friday, as losses in the Real Estate, Banking and Fast Moving Consumer Goods sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.14%, while the BSE Sensex 30 index declined 0.31%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 6.43% or 22.20 points to trade at 367.30 at the close. Meanwhile, Cipla Ltd. (NS:CIPL) added 3.13% or 50.70 points to end at 1,672.50 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 2.65% or 50.30 points to 1,948.70 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 3.06% or 11.20 points to trade at 354.25 at the close. Bharti Airtel Ltd. (NS:BRTI) declined 2.06% or 36.50 points to end at 1,734.60 and HDFC Bank Ltd (NS:HDBK) was down 1.73% or 30.80 points to 1,752.65.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 2.67% to 1,949.00, Titan Company Ltd (BO:TITN) which was up 1.58% to settle at 3,817.00 and NTPC Ltd (BO:NTPC) which gained 1.51% to close at 440.95.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.75% to 355.20 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 1.80% to settle at 1,307.00 and Bharti Airtel Ltd (BO:BRTI) which was down 1.74% to 1,739.15 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1273 to 1226 and 84 ended unchanged; on the Bombay Stock Exchange, 1883 fell and 1882 advanced, while 115 ended unchanged.

Shares in Bharat Petroleum Corp. Ltd. (NS:BPCL) rose to all time highs; up 6.43% or 22.20 to 367.30. Shares in Cipla Ltd. (NS:CIPL) rose to all time highs; gaining 3.13% or 50.70 to 1,672.50. Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to all time highs; gaining 2.65% or 50.30 to 1,948.70. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to all time highs; rising 2.67% or 50.60 to 1,949.00. Shares in NTPC Ltd (BO:NTPC) rose to all time highs; gaining 1.51% or 6.55 to 440.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.62% to 11.93.

Gold Futures for December delivery was down 0.30% or 8.00 to $2,686.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.35% or 0.24 to hit $67.91 a barrel, while the December Brent oil contract rose 0.27% or 0.19 to trade at $71.28 a barrel.

USD/INR was up 0.08% to 83.69, while EUR/INR rose 0.03% to 93.47.

The US Dollar Index Futures was down 0.08% at 100.16.