India stocks lower at close of trade; Nifty 50 down 0.15%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Power , Capital Goods and Fast Moving Consumer Goods sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.15% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.17%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN ), which rose 4.76% or 317.90 points to trade at 6,995.80 at the close. Meanwhile, Tech Mahindra Ltd (NS:TEML ) added 2.32% or 39.40 points to end at 1,735.95 and Bajaj Auto Ltd (NS:BAJA ) was up 2.11% or 218.40 points to 10,586.75 in late trade.

The worst performers of the session were Mahindra & Mahindra Ltd. (NS:MAHM ), which fell 3.25% or 93.70 points to trade at 2,793.50 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN ) declined 2.55% or 48.20 points to end at 1,839.35 and Power Grid Corporation of India Ltd (NS:PGRD ) was down 1.81% or 5.85 points to 316.90.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN ) which rose 4.95% to 7,007.95, Tech Mahindra Ltd (BO:TEML ) which was up 2.01% to settle at 1,730.30 and Tata Consultancy Services Ltd. (BO:TCS ) which gained 1.31% to close at 4,068.35.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM ) which was down 3.04% to 2,796.00 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN ) which lost 2.79% to settle at 1,833.95 and Larsen & Toubro Ltd (BO:LART ) which was down 1.77% to 3,448.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1416 to 1042 and 101 ended unchanged; on the Bombay Stock Exchange, 2102 rose and 1641 declined, while 100 ended unchanged.

Shares in Tech Mahindra Ltd (NS:TEML ) rose to 52-week highs; up 2.32% or 39.40 to 1,735.95. Shares in Tech Mahindra Ltd (BO:TEML ) rose to 52-week highs; up 2.01% or 34.10 to 1,730.30.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 1.32% to 14.59.

Gold Futures for December delivery was up 0.22% or 6.15 to $2,765.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.98% or 1.42 to hit $70.32 a barrel, while the December Brent oil contract fell 1.84% or 1.40 to trade at $74.64 a barrel.

USD/INR was down 0.01% to 84.08, while EUR/INR fell 0.17% to 90.64.

The US Dollar Index Futures was up 0.29% at 104.21.

Source: Investing.com