India shares lower at close of trade; Nifty 50 down 1.04%

  • Investing.com
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India shares lower at close of trade; Nifty 50 down 1.04%

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

At the close in NSE, the Nifty 50 declined 1.04%, while the BSE Sensex 30 index fell 1.25%.

The biggest gainers of the session on the Nifty 50 were GAIL Ltd (NS: GAIL ), which rose 2.38% or 3.15 points to trade at 135.50 at the close. Grasim Industries Ltd (NS: GRAS ) added 2.27% or 32.30 points to end at 1454.90 and UPL Ltd (NS: UPLL ) was up 2.21% or 13.90 points to 641.85 in late trade.

Biggest losers included Housing Development Finance Corporation Ltd (NS: HDFC ), which lost 4.13% or 107.55 points to trade at 2498.10 in late trade. HDFC Bank Ltd (NS: HDBK ) declined 3.86% or 60.05 points to end at 1493.65 and Power Grid Corporation of India Ltd (NS: PGRD ) shed 2.58% or 5.70 points to 215.65.

The top performers on the BSE Sensex 30 were ITC Ltd (BO: ITC ) which rose 1.82% to 218.50, Bajaj Finserv Ltd (BO: BJFS ) which was up 1.80% to settle at 9667.80 and Hindustan Unilever Ltd. (BO: HLL ) which gained 1.36% to close at 2430.80.

The worst performers were Housing Development Finance Corporation Ltd (BO: HDFC ) which was down 4.06% to 2498.95 in late trade, HDFC Bank Ltd (BO: HDBK ) which lost 3.86% to settle at 1493.55 and Power Grid Corporation of India Ltd (BO: PGRD ) which was down 2.71% to 215.65 at the close.

Declining stocks outnumbered rising ones by 870 to 786 and 64 ended unchanged; on the Bombay Stock Exchange, 1422 fell and 1347 advanced, while 191 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 0.78% to 20.6450.

In commodities trading, Gold Futures for June delivery was up 0.14% or 2.40 to $1688.40 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.28% or 0.17 to hit $60.38 a barrel, while the June Brent oil contract fell 0.33% or 0.21 to trade at $63.96 a barrel.

USD/INR was down 0.44% to 73.117, while EUR/INR fell 0.31% to 85.7655.

The US Dollar Index Futures was down 0.09% at 93.233.

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