India shares lower at close of trade; Nifty 50 down 2.48%

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India shares lower at close of trade; Nifty 50 down 2.48%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Friday, as losses in the Metals , Public Sector Undertakings and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 2.48% to hit a new 3-month low, while the BSE Sensex 30 index lost 2.32%.

The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd (NS: BAJA ), which rose 1.53% or 41.35 points to trade at 2745.00 at the close. GAIL Ltd (NS: GAIL ) added 0.84% or 0.90 points to end at 107.70 and Maruti Suzuki India Ltd. (NS: MRTI ) was up 0.43% or 27.15 points to 6393.10 in late trade.

Biggest losers included Yes Bank Ltd (NS: YESB ), which lost 54.89% or 20.20 points to trade at 16.60 in late trade. Tata Motors Ltd (NS: TAMO ) declined 9.50% or 11.95 points to end at 113.80 and Zee Entertainment Enterprises Ltd. (NS: ZEE ) shed 7.29% or 17.35 points to 220.80.

The top performers on the BSE Sensex 30 were Bajaj Auto Ltd (BO: BAJA ) which rose 1.20% to 2736.10, Maruti Suzuki India Ltd. (BO: MRTI ) which was up 1.03% to settle at 6430.30 and Asian Paints Ltd. (BO: ASPN ) which gained 0.13% to close at 1877.80.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 6.51% to 351.20 in late trade, State Bank Of India (BO: SBI ) which lost 6.19% to settle at 270.45 and IndusInd Bank Ltd. (BO: INBK ) which was down 5.62% to 1014.30 at the close.

Declining stocks outnumbered rising ones by 1287 to 287 and 57 ended unchanged; on the Bombay Stock Exchange, 1837 fell and 493 advanced, while 115 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 10.30% to 25.6425 a new 6-month high.

In commodities trading, Gold Futures for April delivery was up 1.09% or 18.15 to $1686.15 a troy ounce. Meanwhile, Crude oil for delivery in April fell 3.97% or 1.82 to hit $44.08 a barrel, while the May Brent oil contract fell 4.22% or 2.11 to trade at $47.88 a barrel.

USD/INR was up 0.41% to 73.800, while EUR/INR rose 1.00% to 83.4255.

The US Dollar Index Futures was down 0.80% at 96.013.

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