India shares lower at close of trade; Nifty 50 down 0.16%

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India shares lower at close of trade; Nifty 50 down 0.16% – India equities were lower at the close on Friday, as losses in the Metals , Power and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.16% to hit a new 6-month low, while the BSE Sensex 30 index fell 0.26%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd (NS: TAMO ), which rose 8.60% or 32.00 points to trade at 404.30 at the close. Sun Pharmaceutical Industries Ltd. (NS: SUN ) added 3.82% or 32.50 points to end at 882.50 and Mahindra & Mahindra Ltd. (NS: MAHM ) was up 2.80% or 24.25 points to 889.50 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS: HALC ), which lost 4.40% or 17.85 points to trade at 388.00 in late trade. JSW Steel Ltd (NS: JSTL ) declined 3.90% or 24.35 points to end at 600.45 and State Bank Of India (NS: SBI ) shed 3.89% or 18.00 points to 444.65.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO: SUN ) which rose 3.76% to 882.10, Mahindra & Mahindra Ltd. (BO: MAHM ) which was up 2.78% to settle at 888.95 and Hindustan Unilever Ltd. (BO: HLL ) which gained 2.49% to close at 2,194.35.

The worst performers were State Bank Of India (BO: SBI ) which was down 3.76% to 445.05 in late trade, ICICI Bank Ltd (BO: ICBK ) which lost 2.65% to settle at 677.45 and NTPC Ltd (BO: NTPC ) which was down 2.56% to 144.80 at the close.

Advancing stocks outnumbered falling ones by 1276 to 563 and 26 ended unchanged; on the Bombay Stock Exchange, 2113 rose and 1111 declined, while 131 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 3.21% to 23.49.

In commodities trading, Gold Futures for June delivery was down 0.49% or 8.95 to $1,815.65 a troy ounce. Meanwhile, Crude oil for delivery in June rose 1.81% or 1.92 to hit $108.05 a barrel, while the July Brent oil contract rose 1.81% or 1.94 to trade at $109.39 a barrel.

USD/INR was up 0.05% to 77.48, while EUR/INR rose 0.11% to 80.44.

The US Dollar Index Futures was down 0.07% at 104.82.

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