India shares lower at close of trade; Nifty 50 down 1.44%

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India shares lower at close of trade; Nifty 50 down 1.44% – India equities were lower at the close on Wednesday, as losses in the Metals , Real Estate and Power sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.44%, while the BSE Sensex 30 index fell 1.35%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS: BPCL ), which rose 1.56% or 4.70 points to trade at 305.90 at the close. Hero MotoCorp Ltd (NS: HROM ) added 0.87% or 21.80 points to end at 2,521.00 and Tata Consultancy Services Ltd. (NS: TCS ) was up 0.34% or 11.00 points to 3,222.95 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS: HALC ), which lost 6.72% or 22.80 points to trade at 316.45 in late trade. UPL Ltd (NS: UPLL ) declined 6.20% or 40.55 points to end at 613.65 and Tata Steel Ltd (NS: TISC ) shed 5.28% or 46.70 points to 838.10.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO: TCS ) which rose 0.31% to 3,222.00, Hindustan Unilever Ltd. (BO: HLL ) which was up 0.18% to settle at 2,208.85 and Power Grid Corporation of India Ltd (BO: PGRD ) which gained 0.05% to close at 210.50.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 5.24% to 837.95 in late trade, Wipro Ltd (BO: WIPR ) which lost 3.29% to settle at 411.25 and Reliance Industries Ltd (BO: RELI ) which was down 3.07% to 2,505.20 at the close.

Declining stocks outnumbered rising ones by 1284 to 546 and 41 ended unchanged; on the Bombay Stock Exchange, 1994 fell and 1223 advanced, while 107 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 0.74% to 21.30.

In commodities trading, Gold Futures for August delivery was down 0.35% or 6.50 to $1,832.30 a troy ounce. Meanwhile, Crude oil for delivery in August fell 4.43% or 4.85 to hit $104.67 a barrel, while the August Brent oil contract fell 3.92% or 4.50 to trade at $110.15 a barrel.

USD/INR was up 0.23% to 78.33, while EUR/INR rose 0.26% to 82.43.

The US Dollar Index Futures was up 0.06% at 104.27.

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