India shares lower at close of trade; S&P CNX Nifty down 1.23%

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India shares lower at close of trade; S&P CNX Nifty down 1.23%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Wednesday, as losses in the Real Estate , Fast Moving Consumer Goods and Power sectors led shares lower.

At the close in NSE, the S&P CNX Nifty declined 1.23%, while the BSE Sensex 30 index fell 1.29%.

The biggest gainers of the session on the S&P CNX Nifty were Idea Cellular Ltd (NSE: IDEA ), which rose 1.59% or 2.75 points to trade at 175.20 at the close. Coal India Limited (NSE: COAL ) added 0.98% or 3.75 points to end at 387.25 and Bharti Airtel Ltd. (NSE: BRTI ) was up 0.62% or 2.60 points to 420.70 in late trade.

Biggest losers included Tata Power Co. Ltd (NSE: TTPW ), which fell 5.60% or 4.20 points to trade at 70.85 in late trade. ITC Ltd (NSE: ITC ) declined 4.47% or 14.25 points to end at 304.40 and Cairn India Limited (NSE: CAIL ) down 4.04% or 7.85 points to 186.25.

The top performers on the BSE Sensex 30 were Coal India Limited (BO: COAL ) which rose 0.81% to 386.70, Bharti Airtel Ltd. (BO: BRTI ) which was up 0.79% to settle at 421.25 and Infosys Ltd (BO: INFY ) which gained 0.71% to close at 2023.10.

The worst performers were Tata Power Co. Ltd (BO: TTPW ) which was down 6.13% to 70.40 in late trade, ITC Ltd (BO: ITC ) which lost 4.59% to settle at 304.25 and Oil And Natural Gas Corporation Ltd (BO: ONGC ) which was down 3.81% to 308.05 at the close.

Falling stocks outnumbered advancing ones by 1233 to 196 and 4 ended unchanged; on the Bombay Stock Exchange, 610 fell and 123 advanced, while 1 ended unchanged on the India National Stock Exchange.

Shares in Tata Power Co. Ltd (NSE: TTPW ) fell to 52-week lows; falling 5.60% or 4.20 to 70.85. Shares in ITC Ltd (NSE: ITC ) fell to 52-week lows; losing 4.47% or 14.25 to 304.40. Shares in Cairn India Limited (NSE: CAIL ) fell to 5-year lows; falling 4.04% or 7.85 to 186.25. Shares in Tata Power Co. Ltd (BO: TTPW ) fell to 52-week lows; down 6.13% or 4.60 to 70.40. Shares in ITC Ltd (BO: ITC ) fell to 52-week lows; down 4.59% or 14.65 to 304.25.

The India Vix , which measures the implied volatility of S&P CNX Nifty options, was up 4.07% to 17.5050.

Gold for August delivery was down 0.44% or 5.30 to $1189.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 2.03% or 1.25 to hit $60.02 a barrel, while the July Brent oil contract fell 2.07% or 1.35 to trade at $64.14 a barrel.

USD/INR was up 0.36% to 63.920, while EUR/INR rose 0.06% to 71.0820.

The US Dollar Index was up 0.27% at 96.26.

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