India shares lower at close of trade; Nifty 50 down 2.69%

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India shares lower at close of trade; Nifty 50 down 2.69% – India equities were lower at the close on Friday, as losses in the Auto , Consumer Durables and Real Estate sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 2.69% to hit a new 3-month low, while the BSE Sensex 30 index declined 2.54%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS: SUN ), which rose 3.69% or 24.55 points to trade at 690.75 at the close. HDFC Bank Ltd . (NS: HDBK ) fell 0.04% or 0.55 points to end at 1278.00 and Kotak Mahindra Bank Ltd. (NS: KTKM ) was down 0.29% or 2.35 points to 816.90 in late trade.

Biggest losers included Bharti Infratel Limited (NS: BHRI ), which lost 6.45% or 25.000 points to trade at 362.500 in late trade. Mahindra & Mahindra Ltd. (NS: MAHM ) declined 5.92% or 78.20 points to end at 1243.10 and Eicher Motors Ltd. (NS: EICH ) shed 5.56% or 1282.30 points to 21783.95.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO: SUN ) which rose 3.30% to 688.95, HDFC Bank Ltd. (BO: HDBK ) which was down 0.04% to settle at 1275.70 and Dr. Reddy's Laboratories Ltd. (BO: REDY ) which lost 0.41% to close at 3260.65.

The worst performers were Mahindra & Mahindra Ltd. (BO: MAHM ) which was down 6.02% to 1241.85 in late trade, Adani Ports & Special Economic Zone (BO: APSE ) which lost 5.86% to settle at 276.50 and ICICI Bank Ltd. (BO: ICBK ) which was down 5.32% to 277.00 at the close.

Declining stocks outnumbered rising ones by 1349 to 145 and 33 ended unchanged; on the Bombay Stock Exchange, 2196 fell and 447 advanced, while 144 ended unchanged on the India National Stock Exchange.

The India Vix , which measures the implied volatility of Nifty 50 options, was up 12.34% to 17.3650 a new 1-month high.

In commodities trading, Gold for December delivery was down 0.86% or 10.95 to $1255.45 a troy ounce. Meanwhile, Crude oil for delivery in December fell 1.55% or 0.69 to hit $43.97 a barrel, while the January Brent oil contract fell 1.18% or 0.54 to trade at $45.30 a barrel.

USD/INR was down 0.03% to 67.200, while EUR/INR rose 0.29% to 73.0520.

The US Dollar Index was down 0.04% at 98.75.

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