India shares lower at close of trade; Nifty 50 down 1.12%

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India shares lower at close of trade; Nifty 50 down 1.12% – India equities were lower at the close on Wednesday, as losses in the Auto , Banking and Healthcare sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.12%, while the BSE Sensex 30 index lost 1.38%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd (NS: COAL ), which rose 8.99% or 15.25 points to trade at 184.80 at the close. HDFC Life Insurance Company Ltd (NS: HDFL ) added 7.19% or 37.60 points to end at 560.80 and SBI Life Insurance Company Ltd (NS: SBIL ) was up 5.75% or 61.00 points to 1,121.15 in late trade.

Biggest losers included Maruti Suzuki India Ltd. (NS: MRTI ), which lost 6.01% or 499.95 points to trade at 7,814.20 in late trade. Dr. Reddy’s Laboratories Ltd (NS: REDY ) declined 5.17% or 210.25 points to end at 3,853.15 and Bajaj Auto Ltd (NS: BAJA ) shed 4.62% or 163.20 points to 3,367.15.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO: TISC ) which rose 5.54% to 1,288.50, Titan Company Ltd (BO: TITN ) which was up 1.88% to settle at 2,592.55 and Reliance Industries Ltd (BO: RELI ) which gained 1.67% to close at 2,398.40.

The worst performers were Maruti Suzuki India Ltd. (BO: MRTI ) which was down 6.00% to 7,813.85 in late trade, Dr. Reddy’s Laboratories Ltd (BO: REDY ) which lost 5.14% to settle at 3,854.15 and Asian Paints Ltd. (BO: ASPN ) which was down 4.53% to 3,028.80 at the close.

Declining stocks outnumbered rising ones by 921 to 880 and 36 ended unchanged; on the Bombay Stock Exchange, 1655 rose and 1584 declined, while 111 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 2.32% to 29.23.

In commodities trading, Gold Futures for April delivery was down 0.88% or 17.20 to $1,926.60 a troy ounce. Meanwhile, Crude oil for delivery in April rose 4.44% or 4.59 to hit $108.00 a barrel, while the May Brent oil contract rose 4.50% or 4.72 to trade at $109.69 a barrel.

USD/INR was down 0.10% to 75.73, while EUR/INR fell 0.29% to 84.03.

The US Dollar Index Futures was up 0.19% at 97.59.

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