India shares lower at close of trade; Nifty 50 down 0.83%

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India shares lower at close of trade; Nifty 50 down 0.83% – India equities were lower at the close on Wednesday, as losses in the IT , Technology and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.83%, while the BSE Sensex 30 index fell 0.94%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd (NS: COAL ), which rose 3.17% or 5.95 points to trade at 193.85 at the close. Indian Oil Corporation Ltd (NS: IOC ) added 2.77% or 3.40 points to end at 126.05 and NTPC Ltd (NS: NTPC ) was up 2.62% or 3.90 points to 153.00 in late trade.

Biggest losers included HDFC Bank Ltd (NS: HDBK ), which lost 3.57% or 57.40 points to trade at 1,550.85 in late trade. Housing Development Finance Corporation Ltd (NS: HDFC ) declined 3.34% or 87.65 points to end at 2,536.05 and HDFC Life Insurance Company Ltd (NS: HDFL ) shed 2.40% or 13.65 points to 556.00.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO: NTPC ) which rose 2.61% to 153.05, Tata Steel Ltd (BO: TISC ) which was up 1.94% to settle at 1,371.00 and Power Grid Corporation of India Ltd (BO: PGRD ) which gained 1.52% to close at 236.60.

The worst performers were HDFC Bank Ltd (BO: HDBK ) which was down 3.51% to 1,550.80 in late trade, Housing Development Finance Corporation Ltd (BO: HDFC ) which lost 3.26% to settle at 2,536.50 and HCL Technologies Ltd (BO: HCLT ) which was down 2.07% to 1,170.80 at the close.

Advancing stocks outnumbered falling ones by 1171 to 658 and 33 ended unchanged; on the Bombay Stock Exchange, 2126 rose and 1175 declined, while 93 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 2.89% to 19.02.

In commodities trading, Gold Futures for June delivery was down 0.08% or 1.60 to $1,925.90 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.42% or 1.45 to hit $103.41 a barrel, while the June Brent oil contract rose 1.18% or 1.26 to trade at $107.90 a barrel.

USD/INR was up 0.45% to 75.76, while EUR/INR rose 0.47% to 82.65.

The US Dollar Index Futures was up 0.10% at 99.53.

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