India shares lower at close of trade; Nifty 50 down 1.25%

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India shares lower at close of trade; Nifty 50 down 1.25% – India equities were lower at the close on Tuesday, as losses in the IT , Fast Moving Consumer Goods and Technology sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.25% to hit a new 1-month low, while the BSE Sensex 30 index lost 1.23%.

The biggest gainers of the session on the Nifty 50 were Apollo Hospitals Enterprises Ltd. (NS: APLH ), which rose 5.75% or 261.85 points to trade at 4,816.35 at the close. Coal India Ltd (NS: COAL ) added 4.38% or 8.30 points to end at 197.75 and Reliance Industries Ltd (NS: RELI ) was up 3.81% or 96.95 points to 2,640.80 in late trade.

Biggest losers included Housing Development Finance Corporation Ltd (NS: HDFC ), which lost 5.45% or 123.30 points to trade at 2,140.20 in late trade. HDFC Life Insurance Company Ltd (NS: HDFL ) declined 4.81% or 27.60 points to end at 546.70 and SBI Life Insurance Company Ltd (NS: SBIL ) shed 4.15% or 48.70 points to 1,124.70.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO: RELI ) which rose 3.71% to 2,638.45, ICICI Bank Ltd (BO: ICBK ) which was up 1.04% to settle at 766.65 and State Bank Of India (BO: SBI ) which gained 0.44% to close at 511.65.

The worst performers were Housing Development Finance Corporation Ltd (BO: HDFC ) which was down 5.50% to 2,138.65 in late trade, HDFC Bank Ltd (BO: HDBK ) which lost 3.73% to settle at 1,343.30 and Infosys Ltd (BO: INFY ) which was down 3.55% to 1,563.95 at the close.

Declining stocks outnumbered rising ones by 1369 to 459 and 39 ended unchanged; on the Bombay Stock Exchange, 2101 fell and 1192 advanced, while 117 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 2.28% to 19.77.

In commodities trading, Gold Futures for June delivery was down 0.39% or 7.70 to $1,978.70 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.21% or 1.30 to hit $106.31 a barrel, while the June Brent oil contract fell 1.03% or 1.16 to trade at $112.00 a barrel.

USD/INR was up 0.29% to 76.51, while EUR/INR rose 0.43% to 82.56.

The US Dollar Index Futures was up 0.11% at 100.88.

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