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

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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 Friday, as losses in the IT , Technology and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.04%, while the BSE Sensex 30 index lost 1.13%.

The biggest gainers of the session on the Nifty 50 were UltraTech Cement Ltd (NS: ULTC ), which rose 2.54% or 189.40 points to trade at 7636.05 at the close. Cipla Ltd. (NS: CIPL ) added 2.05% or 18.25 points to end at 910.00 and Dr. Reddy’s Laboratories Ltd (NS: REDY ) was up 1.95% or 89.25 points to 4659.20 in late trade.

Biggest losers included Tech Mahindra Ltd (NS: TEML ), which lost 3.62% or 55.45 points to trade at 1477.85 in late trade. NTPC Ltd (NS: NTPC ) declined 3.42% or 4.70 points to end at 132.65 and Kotak Mahindra Bank Ltd. (NS: KTKM ) shed 3.21% or 67.35 points to 2031.15.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO: ULTC ) which rose 2.61% to 7632.75, Dr. Reddy’s Laboratories Ltd (BO: REDY ) which was up 2.12% to settle at 4670.05 and Maruti Suzuki India Ltd. (BO: MRTI ) which gained 1.49% to close at 7483.40.

The worst performers were Tech Mahindra Ltd (BO: TEML ) which was down 3.53% to 1478.75 in late trade, NTPC Ltd (BO: NTPC ) which lost 3.05% to settle at 133.30 and Kotak Mahindra Bank Ltd. (BO: KTKM ) which was down 2.76% to 2040.00 at the close.

Declining stocks outnumbered rising ones by 1005 to 732 and 54 ended unchanged; on the Bombay Stock Exchange, 1719 fell and 1355 advanced, while 142 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 2.72% to 17.4250.

In commodities trading, Gold Futures for December delivery was down 0.32% or 5.85 to $1796.75 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.34% or 0.28 to hit $83.09 a barrel, while the January Brent oil contract rose 0.41% or 0.34 to trade at $84.00 a barrel.

USD/INR was up 0.15% to 74.896, while EUR/INR fell 0.06% to 87.2910.

The US Dollar Index Futures was up 0.18% at 93.490.

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