India shares lower at close of trade; Nifty 50 down 0.99%

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India shares lower at close of trade; Nifty 50 down 0.99% – India equities were lower at the close on Wednesday, as losses in the Metals , Healthcare and Consumer Durables sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.99%, while the BSE Sensex 30 index fell 0.93%.

The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS: ONGC ), which rose 2.72% or 4.45 points to trade at 168.10 at the close. Tata Consumer Products Ltd (NS: TACN ) added 2.40% or 19.20 points to end at 820.65 and UPL Ltd (NS: UPLL ) was up 1.77% or 12.65 points to 727.30 in late trade.

Biggest losers included SBI Life Insurance Company Ltd (NS: SBIL ), which lost 3.95% or 49.90 points to trade at 1212.05 in late trade. Hindalco Industries Ltd. (NS: HALC ) declined 3.92% or 19.40 points to end at 475.90 and IndusInd Bank Ltd. (NS: INBK ) shed 3.14% or 36.75 points to 1131.85.

The top performers on the BSE Sensex 30 were HDFC Bank Ltd (BO: HDBK ) which rose 1.24% to 1615.05, Bajaj Finance Ltd (BO: BJFN ) which was up 0.18% to settle at 7736.65 and Housing Development Finance Corporation Ltd (BO: HDFC ) which gained 0.08% to close at 2743.10.

The worst performers were IndusInd Bank Ltd. (BO: INBK ) which was down 3.38% to 1131.50 in late trade, Tata Steel Ltd (BO: TISC ) which lost 2.81% to settle at 1279.70 and Bajaj Auto Ltd (BO: BAJA ) which was down 2.39% to 3771.30 at the close.

Declining stocks outnumbered rising ones by 1116 to 607 and 40 ended unchanged; on the Bombay Stock Exchange, 1756 fell and 1369 advanced, while 141 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 5.70% to 17.3325.

In commodities trading, Gold Futures for December delivery was down 0.66% or 11.60 to $1749.30 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.68% or 0.54 to hit $78.39 a barrel, while the December Brent oil contract rose 1.01% or 0.82 to trade at $82.08 a barrel.

USD/INR was up 0.66% to 75.032, while EUR/INR rose 0.14% to 86.5600.

The US Dollar Index Futures was up 0.66% at 94.398.

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