India stocks lower at close of trade; Nifty 50 down 0.57%

0 – India stocks were lower after the close on Wednesday, as losses in the PowerOil & Gas and Technology sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.57%, while the BSE Sensex 30 index lost 0.69%.

The best performers of the session on the Nifty 50 were Divi’s Laboratories Ltd. (NS:DIVI), which rose 2.48% or 91.35 points to trade at 3,778.80 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 2.46% or 14.15 points to end at 588.60 and Hindustan Unilever Ltd. (NS:HLL) was up 1.97% or 48.20 points to 2,497.75 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 3.31% or 28.00 points to trade at 819.05 at the close. Bharti Airtel Ltd. (NS:BRTI) declined 2.94% or 19.50 points to end at 643.50 and Housing Development Finance Corporation Ltd (NS:HDFC) was down 2.78% or 61.85 points to 2,165.05.

The top performers on the BSE Sensex 30 were Hindustan Unilever Ltd. (BO:HLL) which rose 1.97% to 2,497.55, Asian Paints Ltd. (BO:ASPN) which was up 1.70% to settle at 2,941.40 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 1.40% to close at 1,742.85.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 3.42% to 817.75 in late trade, Bharti Airtel Ltd (BO:BRTI) which lost 2.87% to settle at 643.45 and Housing Development Finance Corporation Ltd (BO:HDFC) which was down 2.53% to 2,170.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 938 to 874 and 63 ended unchanged; on the Bombay Stock Exchange, 1624 rose and 1571 declined, while 140 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.15% to 18.52.

Gold Futures for August delivery was up 0.15% or 2.55 to $1,727.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.80% or 0.77 to hit $96.61 a barrel, while the September Brent oil contract rose 0.68% or 0.68 to trade at $100.17 a barrel.

USD/INR was down 0.20% to 79.60, while EUR/INR rose 0.44% to 80.10.

The US Dollar Index Futures was down 0.11% at 107.79.

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