India shares lower at close of trade; Nifty 50 down 0.37%

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India shares lower at close of trade; Nifty 50 down 0.37%
Credit: © Reuters. – India equities were lower at the close on Wednesday, as losses in the Fast Moving Consumer Goods , Oil & Gas and Carbon sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.37%, while the BSE Sensex 30 index declined 0.39%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd (NS: TISC ), which rose 1.71% or 18.25 points to trade at 1,086.75 at the close. State Bank Of India (NS: SBI ) added 1.70% or 7.90 points to end at 471.30 and Titan Company Ltd (NS: TITN ) was up 1.34% or 28.05 points to 2,128.85 in late trade.

Biggest losers included Bharti Airtel Ltd. (NS: BRTI ), which lost 3.21% or 22.00 points to trade at 663.30 in late trade. ITC Ltd (NS: ITC ) declined 2.19% or 6.00 points to end at 267.90 and UPL Ltd (NS: UPLL ) shed 1.77% or 13.20 points to 733.00.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO: TISC ) which rose 1.70% to 1,086.75, State Bank Of India (BO: SBI ) which was up 1.66% to settle at 471.05 and Dr. Reddy’s Laboratories Ltd (BO: REDY ) which gained 1.52% to close at 4,205.10.

The worst performers were Bharti Airtel Ltd (BO: BRTI ) which was down 3.31% to 663.20 in late trade, ITC Ltd (BO: ITC ) which lost 2.03% to settle at 268.25 and Reliance Industries Ltd (BO: RELI ) which was down 1.74% to 2,724.30 at the close.

Declining stocks outnumbered rising ones by 1054 to 764 and 59 ended unchanged; on the Bombay Stock Exchange, 1712 fell and 1495 advanced, while 109 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 2.88% to 19.84 a new 1-month low.

In commodities trading, Gold Futures for August delivery was down 0.12% or 2.20 to $1,849.90 a troy ounce. Meanwhile, Crude oil for delivery in July rose 1.31% or 1.57 to hit $120.98 a barrel, while the August Brent oil contract rose 1.19% or 1.43 to trade at $122.00 a barrel.

USD/INR was down 0.31% to 77.69, while EUR/INR rose 0.26% to 83.29.

The US Dollar Index Futures was up 0.16% at 102.49.

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