India stocks lower at close of trade; Nifty 50 down 0.48%

India's stock market ended lower on Thursday as losses in Banking, Metals and Public Sector Undertakings sectors dragged the Nifty 50 and the BSE Sensex 30 down. The Nifty 50 fell by 0.48%, while the BSE Sensex 30 index declined by 0.70%. Among the Nifty 50's top performers were Kotak Mahindra Bank Ltd., which gained 1.84%, and Adani Enterprises Ltd., which added 1.52%.

Conversely, Hindalco Industries Ltd. suffered the most significant loss, dropping 3.04%. On the BSE Sensex 30, Kotak Mahindra Bank Ltd. was the top gainer with a 1.71% rise. ICICI Bank Ltd. and Tech Mahindra Ltd. also saw gains, while IndusInd Bank Ltd., HDFC Bank Ltd., and NTPC Ltd. were among the biggest losers. The India National Stock Exchange saw 1599 stocks fall, 989 rose, and 43 ended unchanged, while the Bombay Stock Exchange had 2307 stocks decline, 1743 advance, and 163 remain static.

The India VIX, a measure of implied volatility for Nifty 50 options, rose by 5.66% to 11.16. Gold Futures for December delivery fell by 0.43% to $4,633.14 per troy ounce. Crude oil for October delivery increased by 0.24% to $82.43 per barrel, and the November Brent oil contract rose by 0.47% to $87.35 per barrel. USD/INR improved by 0.15% to 95.56, and EUR/INR climbed 0.06% to 111.27.