India shares lower at close of trade; Nifty 50 down 1.31%

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India shares lower at close of trade; Nifty 50 down 1.31% – India equities were lower at the close on Friday, as losses in the IT , Technology and Consumer Durables sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.31%, while the BSE Sensex 30 index declined 1.31%.

The biggest gainers of the session on the Nifty 50 were Indian Oil Corporation Ltd (NS: IOC ), which rose 1.79% or 2.15 points to trade at 122.10 at the close. IndusInd Bank Ltd. (NS: INBK ) added 1.03% or 10.05 points to end at 982.40 and Tata Steel Ltd (NS: TISC ) was up 0.49% or 6.10 points to 1254.45 in late trade.

Biggest losers included Grasim Industries Ltd (NS: GRAS ), which lost 3.30% or 58.40 points to trade at 1710.15 in late trade. Tech Mahindra Ltd (NS: TEML ) declined 2.97% or 43.60 points to end at 1424.90 and Infosys Ltd (NS: INFY ) shed 2.73% or 48.25 points to 1721.35.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO: INBK ) which rose 0.94% to 981.95, Tata Steel Ltd (BO: TISC ) which was up 0.52% to settle at 1254.75 and NTPC Ltd (BO: NTPC ) which gained 0.51% to close at 137.10.

The worst performers were Tech Mahindra Ltd (BO: TEML ) which was down 2.94% to 1424.35 in late trade, Infosys Ltd (BO: INFY ) which lost 2.71% to settle at 1721.00 and UltraTech Cement Ltd (BO: ULTC ) which was down 2.16% to 7310.00 at the close.

Declining stocks outnumbered rising ones by 1429 to 374 and 23 ended unchanged; on the Bombay Stock Exchange, 2289 fell and 917 advanced, while 98 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 5.48% to 18.6800.

In commodities trading, Gold Futures for April delivery was down 0.50% or 9.25 to $1828.15 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.53% or 0.48 to hit $90.36 a barrel, while the April Brent oil contract rose 0.44% or 0.40 to trade at $91.81 a barrel.

USD/INR was down 0.02% to 75.366, while EUR/INR rose 0.12% to 85.8915.

The US Dollar Index Futures was up 0.31% at 95.840.

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