India shares lower at close of trade; Nifty 50 down 0.24%

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India shares lower at close of trade; Nifty 50 down 0.24%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Wednesday, as losses in the Auto , Banking and Real Estate sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.24%, while the BSE Sensex 30 index fell 0.26%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS: BRTI ), which rose 5.06% or 27.35 points to trade at 567.90 at the close. Tata Steel Ltd (NS: TISC ) added 2.58% or 34.35 points to end at 1365.00 and SBI Life Insurance Company Ltd (NS: SBIL ) was up 2.56% or 28.25 points to 1133.40 in late trade.

Biggest losers included Kotak Mahindra Bank Ltd. (NS: KTKM ), which lost 2.66% or 45.10 points to trade at 1652.85 in late trade. Cipla Ltd. (NS: CIPL ) declined 2.54% or 23.20 points to end at 889.90 and Tata Motors Ltd (NS: TAMO ) shed 2.39% or 6.95 points to 284.45.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO: BRTI ) which rose 5.08% to 567.90, Tata Steel Ltd (BO: TISC ) which was up 2.60% to settle at 1365.15 and IndusInd Bank Ltd. (BO: INBK ) which gained 1.71% to close at 992.30.

The worst performers were Kotak Mahindra Bank Ltd. (BO: KTKM ) which was down 2.64% to 1653.20 in late trade, Dr. Reddy’s Laboratories Ltd (BO: REDY ) which lost 2.36% to settle at 4730.20 and Mahindra & Mahindra Ltd. (BO: MAHM ) which was down 2.27% to 728.45 at the close.

Declining stocks outnumbered rising ones by 1057 to 640 and 31 ended unchanged; on the Bombay Stock Exchange, 1719 fell and 1351 advanced, while 112 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 3.48% to 13.6925 a new 1-month high.

In commodities trading, Gold Futures for August delivery was down 0.32% or 5.80 to $1794.00 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.57% or 0.41 to hit $72.06 a barrel, while the October Brent oil contract rose 0.48% or 0.35 to trade at $73.87 a barrel.

USD/INR was down 0.09% to 74.434, while EUR/INR fell 0.25% to 87.7915.

The US Dollar Index Futures was up 0.23% at 92.653.

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