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Indian Stocks Tumble to 3-Month Low

12 Sep

Summary

Nifty 50 index dropped 0.34% to a three-month low.
Real Estate, Metals, and Oil & Gas sectors led the decline.
Reliance Industries shares reached a 52-week low.

Indian stock markets closed lower on Friday, with significant losses registered in the Real Estate, Metals, and Oil & Gas sectors. The benchmark Nifty 50 index experienced a decline of 0.34%, reaching a three-month low. Similarly, the BSE Sensex 30 index saw a dip of 0.16%.

Among the day's worst performers were Hindalco Industries Ltd., down 2.81%, and JSW Steel Ltd., which fell 2.66%. Reliance Industries Ltd. shares touched a 52-week low, closing down 1.33%. This broad market downturn was accompanied by an increase in the India VIX, a volatility measure, which climbed 3.77% to a one-month high.

Commodities trading also saw fluctuations, with gold futures down 0.39% and crude oil prices falling by over 3%. Currency markets reflected mixed movements, with USD/INR down 0.11% while EUR/INR saw a slight decrease.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.