India shares lower at close of trade; Nifty 50 down 0.45%

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India shares lower at close of trade; Nifty 50 down 0.45%

Investing.com – India equities were lower at the close on Wednesday, as losses in the Capital Goods , IT and Technology sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.45% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.51%.

The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS: ONGC ), which rose 2.69% or 4.15 points to trade at 158.60 at the close. AXIS Bank Ltd (NS: AXBK ) added 1.91% or 12.60 points to end at 672.35 and IndusInd Bank Ltd. (NS: INBK ) was up 1.38% or 12.60 points to 923.35 in late trade.

Biggest losers included Shree Cements Ltd. (NS: SHCM ), which lost 3.30% or 801.60 points to trade at 23,499.00 in late trade. Larsen & Toubro Ltd (NS: LART ) declined 2.31% or 37.15 points to end at 1,570.80 and Bajaj Finserv Ltd (NS: BJFS ) shed 2.20% or 300.30 points to 13,329.80.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO: AXBK ) which rose 1.92% to 672.45, IndusInd Bank Ltd. (BO: INBK ) which was up 1.37% to settle at 923.20 and Housing Development Finance Corporation Ltd (BO: HDFC ) which gained 0.92% to close at 2,220.75.

The worst performers were Larsen & Toubro Ltd (BO: LART ) which was down 2.34% to 1,571.45 in late trade, Bajaj Finserv Ltd (BO: BJFS ) which lost 2.26% to settle at 13,318.70 and Bajaj Finance Ltd (BO: BJFN ) which was down 2.08% to 5,806.45 at the close.

Declining stocks outnumbered rising ones by 1494 to 347 and 24 ended unchanged; on the Bombay Stock Exchange, 2521 fell and 763 advanced, while 116 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 2.24% to 22.80 a new 1-month high.

In commodities trading, Gold Futures for June delivery was up 0.66% or 12.17 to $1,853.17 a troy ounce. Meanwhile, Crude oil for delivery in June rose 3.53% or 3.52 to hit $103.28 a barrel, while the July Brent oil contract rose 3.26% or 3.34 to trade at $105.80 a barrel.

USD/INR was up 0.01% to 77.27, while EUR/INR rose 0.34% to 81.54.

The US Dollar Index Futures was down 0.32% at 103.61.

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