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 Friday, as losses in the Oil & Gas , Public Sector Undertakings and Power sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.83%, while the BSE Sensex 30 index declined 0.80%.

The biggest gainers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS: HDFL ), which rose 1.93% or 11.00 points to trade at 582.40 at the close. Tata Consumer Products Ltd (NS: TACN ) added 1.49% or 12.10 points to end at 823.75 and Kotak Mahindra Bank Ltd. (NS: KTKM ) was up 1.42% or 25.10 points to 1,790.75 in late trade.

Biggest losers included AXIS Bank Ltd (NS: AXBK ), which lost 6.57% or 51.20 points to trade at 728.60 in late trade. Coal India Ltd (NS: COAL ) declined 3.89% or 7.40 points to end at 182.85 and Adani Ports and Special Economic Zone Ltd (NS: APSE ) shed 3.46% or 30.70 points to 856.40.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO: KTKM ) which rose 1.44% to 1,791.00, HDFC Bank Ltd (BO: HDBK ) which was up 1.00% to settle at 1,384.75 and Sun Pharmaceutical Industries Ltd. (BO: SUN ) which gained 0.94% to close at 929.00.

The worst performers were AXIS Bank Ltd. (BO: AXBK ) which was down 6.57% to 728.70 in late trade, Power Grid Corporation of India Ltd (BO: PGRD ) which lost 3.42% to settle at 227.60 and Wipro Ltd (BO: WIPR ) which was down 2.59% to 509.00 at the close.

Declining stocks outnumbered rising ones by 1229 to 599 and 37 ended unchanged; on the Bombay Stock Exchange, 2033 fell and 1233 advanced, while 131 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 0.19% to 19.42.

In commodities trading, Gold Futures for June delivery was up 1.29% or 24.46 to $1,915.76 a troy ounce. Meanwhile, Crude oil for delivery in June rose 1.14% or 1.20 to hit $106.56 a barrel, while the July Brent oil contract rose 1.51% or 1.62 to trade at $108.88 a barrel.

USD/INR was down 0.22% to 76.43, while EUR/INR rose 0.39% to 80.79.

The US Dollar Index Futures was down 0.66% at 102.97.

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