India stocks lower at close of trade; Nifty 50 down 0.34%

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

At the close in NSE, the Nifty 50 lost 0.34%, while the BSE Sensex 30 index lost 0.39%.

The best performers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS:HDFL ), which rose 1.76% or 12.55 points to trade at 726.80 at the close. Meanwhile, Dr Reddy’s Laboratories Ltd (NS:REDY ) added 1.50% or 99.25 points to end at 6,710.90 and Grasim Industries Ltd (NS:GRAS ) was up 1.03% or 28.30 points to 2,764.10 in late trade.

The worst performers of the session were Mahindra & Mahindra Ltd. (NS:MAHM ), which fell 2.78% or 87.80 points to trade at 3,068.00 at the close. Infosys Ltd (NS:INFY ) declined 2.00% or 39.20 points to end at 1,920.10 and Hero MotoCorp Ltd (NS:HROM ) was down 1.95% or 107.45 points to 5,398.20.

The top performers on the BSE Sensex 30 were HDFC Bank Ltd (BO:HDBK ) which rose 0.93% to 1,700.00, Bharti Airtel Ltd (BO:BRTI ) which was up 0.81% to settle at 1,731.85 and Reliance Industries Ltd (BO:RELI ) which gained 0.80% to close at 2,709.50.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM ) which was down 2.76% to 3,069.00 in late trade, Infosys Ltd (BO:INFY ) which lost 2.05% to settle at 1,918.95 and Kotak Mahindra Bank Ltd. (BO:KTKM ) which was down 1.39% to 1,870.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1247 to 1228 and 92 ended unchanged; on the Bombay Stock Exchange, 1951 rose and 1829 declined, while 103 ended unchanged.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 0.63% to 13.09.

Gold Futures for December delivery was up 0.49% or 13.25 to $2,692.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.23% or 0.16 to hit $70.42 a barrel, while the December Brent oil contract fell 0.27% or 0.20 to trade at $74.05 a barrel.

USD/INR was down 0.04% to 84.02, while EUR/INR fell 0.03% to 91.52.

The US Dollar Index Futures was unchanged 0.00% at 103.06.

Source: Investing.com