India shares lower at close of trade; Nifty 50 down 0.26%

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India shares lower at close of trade; Nifty 50 down 0.26% – India equities were lower at the close on Thursday, as losses in the Power , Technology and IT sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.26%, while the BSE Sensex 30 index declined 0.31%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS: REDY ), which rose 2.50% or 135.45 points to trade at 5558.50 at the close. Hindalco Industries Ltd. (NS: HALC ) added 1.98% or 7.35 points to end at 379.40 and Bajaj Auto Ltd (NS: BAJA ) was up 1.71% or 70.70 points to 4204.55 in late trade.

Biggest losers included Bajaj Finserv Ltd (NS: BJFS ), which lost 2.42% or 292.60 points to trade at 11816.45 in late trade. Shree Cements Ltd. (NS: SHCM ) declined 1.62% or 444.65 points to end at 27059.95 and Britannia Industries Ltd (NS: BRIT ) shed 1.48% or 53.85 points to 3595.80.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO: REDY ) which rose 2.56% to 5559.15, Bajaj Auto Ltd (BO: BAJA ) which was up 1.84% to settle at 4209.00 and Sun Pharmaceutical Industries Ltd. (BO: SUN ) which gained 1.37% to close at 684.75.

The worst performers were Bajaj Finserv Ltd (BO: BJFS ) which was down 2.20% to 11850.00 in late trade, Infosys Ltd (BO: INFY ) which lost 1.32% to settle at 1560.45 and UltraTech Cement Ltd (BO: ULTC ) which was down 1.02% to 6707.65 at the close.

Advancing stocks outnumbered falling ones by 859 to 811 and 56 ended unchanged; on the Bombay Stock Exchange, 1570 rose and 1496 declined, while 116 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 1.57% to 12.8400 a new 52-week low.

In commodities trading, Gold Futures for August delivery was up 0.18% or 3.25 to $1774.85 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.92% or 1.41 to hit $74.88 a barrel, while the September Brent oil contract rose 1.69% or 1.26 to trade at $75.88 a barrel.

USD/INR was up 0.27% to 74.561, while EUR/INR rose 0.27% to 88.3955.

The US Dollar Index Futures was up 0.07% at 92.493.

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