India shares lower at close of trade; Nifty 50 down 1.11%

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India shares lower at close of trade; Nifty 50 down 1.11% – India equities were lower at the close on Friday, as losses in the Metals , Auto and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.11% to hit a new 1-month low, while the BSE Sensex 30 index declined 1.01%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS: REDY ), which rose 3.68% or 71.55 points to trade at 2016.00 at the close. Aurobindo Pharma Ltd. (NS: ARBN ) added 2.88% or 19.75 points to end at 705.00 and GAIL Ltd (NS: GAIL ) was up 1.23% or 4.50 points to 368.95 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS: HALC ), which lost 7.14% or 17.00 points to trade at 221.00 in late trade. State Bank Of India (NS: SBI ) declined 5.58% or 16.55 points to end at 280.15 and Bank of Baroda Ltd (NS: BOB ) shed 4.18% or 6.20 points to 142.25.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO: REDY ) which rose 3.20% to 2011.35, Gail (India) Ltd. (BO: GAIL ) which was up 1.54% to settle at 369.40 and Lupin Ltd (BO: LUPN ) which gained 0.71% to close at 942.25.

The worst performers were State Bank Of India (BO: SBI ) which was down 5.36% to 280.65 in late trade, Mahindra & Mahindra Ltd. (BO: MAHM ) which lost 3.10% to settle at 1346.35 and Reliance Industries Ltd (BO: RELI ) which was down 2.37% to 1546.55 at the close.

Declining stocks outnumbered rising ones by 934 to 614 and 12 ended unchanged; on the Bombay Stock Exchange, 1512 fell and 963 advanced, while 113 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 10.09% to 15.1950 a new 6-month high.

In commodities trading, Gold Futures for December delivery was up 0.23% or 3.02 to $1293.12 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.68% or 0.33 to hit $48.26 a barrel, while the October Brent oil contract fell 0.54% or 0.28 to trade at $51.62 a barrel.

USD/INR was down 0.00% to 64.162, while EUR/INR rose 0.08% to 75.5148.

The US Dollar Index Futures was up 0.02% at 93.32.

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