India shares lower at close of trade; Nifty 50 down 0.56%

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India shares lower at close of trade; Nifty 50 down 0.56% – India equities were lower at the close on Wednesday, as losses in the Real Estate , Oil & Gas and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.56%, while the BSE Sensex 30 index fell 0.52%.

The biggest gainers of the session on the Nifty 50 were Maruti Suzuki India Ltd. (NS: MRTI ), which rose 2.79% or 224.40 points to trade at 8274.75 at the close. Asian Paints Ltd. (NS: ASPN ) added 2.49% or 78.55 points to end at 3230.25 and SBI Life Insurance Company Ltd (NS: SBIL ) was up 2.35% or 27.05 points to 1180.05 in late trade.

Biggest losers included UPL Ltd (NS: UPLL ), which lost 3.13% or 24.45 points to trade at 755.60 in late trade. Reliance Industries Ltd (NS: RELI ) declined 2.14% or 53.90 points to end at 2464.00 and Cipla Ltd. (NS: CIPL ) shed 2.09% or 19.25 points to 902.50.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO: MRTI ) which rose 2.77% to 8273.00, Asian Paints Ltd. (BO: ASPN ) which was up 2.47% to settle at 3229.80 and Power Grid Corporation of India Ltd (BO: PGRD ) which gained 2.08% to close at 191.15.

The worst performers were AXIS Bank Ltd. (BO: AXBK ) which was down 1.95% to 712.15 in late trade, Reliance Industries Ltd (BO: RELI ) which lost 1.91% to settle at 2464.05 and Kotak Mahindra Bank Ltd. (BO: KTKM ) which was down 1.51% to 2051.50 at the close.

Declining stocks outnumbered rising ones by 1065 to 687 and 47 ended unchanged; on the Bombay Stock Exchange, 1791 fell and 1461 advanced, while 107 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 1.41% to 14.9800 a new 1-month low.

In commodities trading, Gold Futures for December delivery was up 0.46% or 8.55 to $1862.65 a troy ounce. Meanwhile, Crude oil for delivery in January fell 1.00% or 0.80 to hit $78.94 a barrel, while the January Brent oil contract fell 0.89% or 0.73 to trade at $81.70 a barrel.

USD/INR was down 0.25% to 74.265, while EUR/INR fell 0.32% to 84.0010.

The US Dollar Index Futures was up 0.03% at 95.942.

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