India shares lower at close of trade; Nifty 50 down 1.63%

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India shares lower at close of trade; Nifty 50 down 1.63% – India equities were lower at the close on Friday, as losses in the Real Estate , Metals and Consumer Durables sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.63% to hit a new 1-month low, while the BSE Sensex 30 index fell 1.56%.

The biggest gainers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS: HROM ), which rose 2.47% or 61.70 points to trade at 2,563.35 at the close. Tech Mahindra Ltd (NS: TEML ) added 2.17% or 27.40 points to end at 1,290.75 and Power Grid Corporation of India Ltd (NS: PGRD ) was up 1.99% or 4.65 points to 238.40 in late trade.

Biggest losers included Bajaj Finance Ltd (NS: BJFN ), which lost 4.90% or 309.15 points to trade at 6,000.30 in late trade. Divi's Laboratories Ltd. (NS: DIVI ) declined 4.58% or 199.95 points to end at 4,165.85 and Shree Cements Ltd. (NS: SHCM ) shed 4.44% or 1,115.00 points to 23,973.65.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO: TEML ) which rose 2.21% to 1,291.50, Power Grid Corporation of India Ltd (BO: PGRD ) which was up 1.88% to settle at 238.25 and ITC Ltd (BO: ITC ) which gained 1.83% to close at 266.75.

The worst performers were Bajaj Finance Ltd (BO: BJFN ) which was down 4.91% to 6,000.95 in late trade, AXIS Bank Ltd. (BO: AXBK ) which lost 4.11% to settle at 673.20 and Bajaj Finserv Ltd (BO: BJFS ) which was down 3.49% to 13,643.50 at the close.

Declining stocks outnumbered rising ones by 1481 to 347 and 28 ended unchanged; on the Bombay Stock Exchange, 2427 fell and 818 advanced, while 105 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 4.72% to 21.25.

In commodities trading, Gold Futures for June delivery was up 0.40% or 7.48 to $1,883.18 a troy ounce. Meanwhile, Crude oil for delivery in June rose 2.20% or 2.38 to hit $110.64 a barrel, while the July Brent oil contract rose 2.25% or 2.49 to trade at $113.39 a barrel.

USD/INR was up 0.46% to 76.86, while EUR/INR rose 0.94% to 81.38.

The US Dollar Index Futures was down 0.48% at 103.30.

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