India shares lower at close of trade; Nifty 50 down 0.96%

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India shares lower at close of trade; Nifty 50 down 0.96% – India equities were lower at the close on Wednesday, as losses in the IT , Technology and Fast Moving Consumer Goods sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.96%, while the BSE Sensex 30 index declined 1.08%.

The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS: ONGC ), which rose 3.91% or 6.40 points to trade at 170.25 at the close. Tata Motors Ltd (NS: TAMO ) added 1.97% or 10.05 points to end at 520.85 and Coal India Ltd (NS: COAL ) was up 1.93% or 3.10 points to 163.90 in late trade.

Biggest losers included Shree Cements Ltd. (NS: SHCM ), which lost 2.80% or 760.55 points to trade at 26395.00 in late trade. Infosys Ltd (NS: INFY ) declined 2.80% or 53.70 points to end at 1867.05 and Asian Paints Ltd. (NS: ASPN ) shed 2.77% or 93.30 points to 3280.40.

The top performers on the BSE Sensex 30 were State Bank Of India (BO: SBI ) which rose 1.83% to 515.90, Tata Steel Ltd (BO: TISC ) which was up 1.19% to settle at 1208.75 and Maruti Suzuki India Ltd. (BO: MRTI ) which gained 1.17% to close at 8008.50.

The worst performers were Infosys Ltd (BO: INFY ) which was down 2.77% to 1867.70 in late trade, Asian Paints Ltd. (BO: ASPN ) which lost 2.71% to settle at 3281.10 and Hindustan Unilever Ltd. (BO: HLL ) which was down 2.41% to 2312.00 at the close.

Declining stocks outnumbered rising ones by 964 to 838 and 22 ended unchanged; on the Bombay Stock Exchange, 1754 fell and 1531 advanced, while 85 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 0.21% to 17.8175.

In commodities trading, Gold Futures for February delivery was up 0.37% or 6.65 to $1819.05 a troy ounce. Meanwhile, Crude oil for delivery in March rose 1.44% or 1.22 to hit $86.05 a barrel, while the March Brent oil contract rose 1.18% or 1.03 to trade at $88.54 a barrel.

USD/INR was down 0.30% to 74.394, while EUR/INR fell 0.01% to 84.4280.

The US Dollar Index Futures was down 0.19% at 95.545.

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