India shares lower at close of trade; Nifty 50 down 0.40%

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India shares lower at close of trade; Nifty 50 down 0.40%
Credit: © Reuters.

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

At the close in NSE, the Nifty 50 lost 0.40%, while the BSE Sensex 30 index declined 0.53%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS: HALC ), which rose 2.53% or 15.00 points to trade at 608.45 at the close. Divi's Laboratories Ltd. (NS: DIVI ) added 2.36% or 105.00 points to end at 4,553.55 and Tata Steel Ltd (NS: TISC ) was up 2.23% or 29.00 points to 1,331.00 in late trade.

Biggest losers included Housing Development Finance Corporation Ltd (NS: HDFC ), which lost 2.35% or 56.45 points to trade at 2,346.30 in late trade. Kotak Mahindra Bank Ltd. (NS: KTKM ) declined 2.11% or 38.10 points to end at 1,769.75 and Bharti Airtel Ltd. (NS: BRTI ) shed 1.99% or 14.30 points to 704.95.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO: REDY ) which rose 2.31% to 4,125.15, Tata Steel Ltd (BO: TISC ) which was up 2.15% to settle at 1,330.50 and ITC Ltd (BO: ITC ) which gained 0.86% to close at 251.95.

The worst performers were Housing Development Finance Corporation Ltd (BO: HDFC ) which was down 2.36% to 2,346.20 in late trade, Kotak Mahindra Bank Ltd. (BO: KTKM ) which lost 2.25% to settle at 1,767.95 and Bharti Airtel Ltd (BO: BRTI ) which was down 1.97% to 705.05 at the close.

Declining stocks outnumbered rising ones by 1076 to 730 and 47 ended unchanged; on the Bombay Stock Exchange, 1882 fell and 1411 advanced, while 121 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 2.81% to 24.75.

In commodities trading, Gold Futures for April delivery was up 0.61% or 11.70 to $1,933.20 a troy ounce. Meanwhile, Crude oil for delivery in May rose 2.39% or 2.61 to hit $111.88 a barrel, while the May Brent oil contract rose 2.70% or 3.12 to trade at $118.60 a barrel.

USD/INR was up 0.31% to 76.34, while EUR/INR rose 0.05% to 84.00.

The US Dollar Index Futures was up 0.15% at 98.68.

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