India shares lower at close of trade; Nifty 50 down 2.29%

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India shares lower at close of trade; Nifty 50 down 2.29%

Investing.com – India equities were lower at the close on Wednesday, as losses in the Consumer Durables , Real Estate and Green Energy sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 2.29% to hit a new 1-month low, while the BSE Sensex 30 index declined 2.29%.

The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS: ONGC ), which rose 3.77% or 5.90 points to trade at 162.25 at the close. Britannia Industries Ltd (NS: BRIT ) added 3.49% or 114.15 points to end at 3,385.45 and Power Grid Corporation of India Ltd (NS: PGRD ) was up 2.61% or 6.05 points to 237.60 in late trade.

Biggest losers included Apollo Hospitals Enterprises Ltd. (NS: APLH ), which lost 6.77% or 291.45 points to trade at 4,013.30 in late trade. Adani Ports and Special Economic Zone Ltd (NS: APSE ) declined 5.11% or 43.75 points to end at 812.80 and Hindalco Industries Ltd. (NS: HALC ) shed 4.70% or 22.75 points to 461.65.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO: PGRD ) which rose 2.75% to 237.60, NTPC Ltd (BO: NTPC ) which was up 0.73% to settle at 158.65 and Kotak Mahindra Bank Ltd. (BO: KTKM ) which gained 0.07% to close at 1,775.00.

The worst performers were Bajaj Finance Ltd (BO: BJFN ) which was down 4.29% to 6,340.90 in late trade, Bajaj Finserv Ltd (BO: BJFS ) which lost 4.18% to settle at 14,325.40 and Titan Company Ltd (BO: TITN ) which was down 4.11% to 2,288.40 at the close.

Declining stocks outnumbered rising ones by 1525 to 317 and 28 ended unchanged; on the Bombay Stock Exchange, 2463 fell and 801 advanced, while 98 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 7.86% to 21.88 a new 1-month high.

In commodities trading, Gold Futures for June delivery was down 0.04% or 0.72 to $1,869.88 a troy ounce. Meanwhile, Crude oil for delivery in June rose 3.97% or 4.07 to hit $106.48 a barrel, while the July Brent oil contract rose 3.93% or 4.13 to trade at $109.10 a barrel.

USD/INR was down 0.09% to 76.38, while EUR/INR fell 0.06% to 80.39.

The US Dollar Index Futures was down 0.06% at 103.43.

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