India Stocks Decreases At The End Of Stock Trading
On Monday, India stocks were softer after the close in the stock market. It happened as deficits in the Public Sector Undertakings, Real Estate, and Fast-Moving Consumer Goods sectors led shares at a low level.
At the end of the trading in NSE, the Nifty 50 plunged 0.07% as well as the BSE Sensex 30 index also declined 0.09%.
The best performers of the trading on the Nifty 50 were Zee Entertainment Enterprises Ltd. soared 3.61% or 10.25 points to trade at 294.80 at the close.
Meanwhile, Vedanta Ltd increased by 2.43% or 3.50 points to end at 147.75.
Dr. Reddy’s Laboratories Ltd was also up 1.45% or 41.65 points to 2908.40 in late trade.
On the flip side, the worst performers of the session were Yes Bank Ltd, which dropped 3.79% or 1.95 points to trade at 49.65 at the close.
Nestle India Ltd also declined 2.41% or 358.25 points to end at 14532.50, and Coal India Ltd was put down 1.57% or 3.15 points to 197.25.
The top performers on the BSE Sensex 30 were Vedanta Ltd, which grew 2.46% to 147.75, Maruti Suzuki India Ltd., which strengthen 1.42% to settle at 7361.90.
Lastly, Hero MotoCorp Ltd has earned 1.37% to close at 2423.00.
Falling stocks outnumbered increasing ones on the India National Stock Exchange by 884 to 691, and 70 ended unchanged.
Additional Changes In The Stock Market
Meanwhile, on the Bombay Stock Exchange, 1327 dropped, and 1060 advanced, while 189 ended untouched.
The India VIX, which evaluates the implied volatility of Nifty 50 options, was down 2.98% to 11.9575. It is a new 3-months low in stock trading.
Gold Futures for February delivery was higher 0.52% or 7.65 to $1488.55 a troy ounce.
Elsewhere in commodities trading, delivery for crude oil for February tumbled 0.12% or 0.07 to hit $60.37 a barrel.
On the other side, the February Brent oil contract gained 0.08% or 0.05 to trade at $66.19 a barrel.
In New York, February futures held more than $60 a barrel after plunging 1.2% on Friday.
It is the sharpest pullback since November 29. The Kuwait-Saudi combined neutral zone, which has been closed for at least four years.
The closure was due to disagreements between the two countries. It can produce as much as 500,000 barrels a day.
Last week, U.S. explorers boosted drilling by the most in almost two years, according to data from Baker Hughes Co. It has been enhancing the supply prospect.
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