Stock Markets

India stocks lower at close of trade; Nifty 50 down 0.23%

© Reuters. India stocks lower at close of trade; Nifty 50 down 0.23% – India stocks were lower after the close on Wednesday, as losses in the IT, Technology and Power sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.23%, while the BSE Sensex 30 index fell 0.27%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 2.39% or 8.00 points to trade at 342.80 at the close. Meanwhile, Divi’s Laboratories Ltd. (NS:DIVI) added 1.96% or 64.10 points to end at 3,334.70 and Bajaj Auto Ltd (NS:BAJA) was up 1.34% or 56.55 points to 4,265.80 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 2.45% or 28.10 points to trade at 1,118.80 at the close. HCL Technologies Ltd (NS:HCLT) declined 2.36% or 25.15 points to end at 1,038.70 and Infosys Ltd (NS:INFY) was down 2.16% or 27.15 points to 1,232.20.

The top performers on the BSE Sensex 30 were Axis Bank Ltd. (BO:AXBK) which rose 1.05% to 873.15, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 0.90% to settle at 1,215.85 and Bharti Airtel Ltd (BO:BRTI) which gained 0.77% to close at 764.90.

The worst performers were HCL Technologies Ltd (BO:HCLT) which was down 2.40% to 1,038.00 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.35% to settle at 1,119.95 and Infosys Ltd (BO:INFY) which was down 2.28% to 1,232.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 953 to 946 and 69 ended unchanged; on the Bombay Stock Exchange, 1779 rose and 1609 declined, while 118 ended unchanged.

Shares in Infosys Ltd (NS:INFY) fell to 52-week lows; losing 2.16% or 27.15 to 1,232.20. Shares in Infosys Ltd (BO:INFY) fell to 52-week lows; down 2.28% or 28.75 to 1,232.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.64% to 12.15.

Gold Futures for June delivery was down 1.69% or 34.05 to $1,985.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.67% or 1.35 to hit $79.55 a barrel, while the June Brent oil contract fell 1.76% or 1.49 to trade at $83.28 a barrel.

USD/INR was up 0.14% to 82.22, while EUR/INR fell 0.13% to 89.93.

The US Dollar Index Futures was up 0.30% at 101.75.

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