India stocks lower at close of trade; Nifty 50 down 0.50%

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

At the close in NSE, the Nifty 50 fell 0.50%, while the BSE Sensex 30 index fell 0.55%.

The best performers of the session on the Nifty 50 were Trent Ltd (NS:TREN ), which rose 2.48% or 172.10 points to trade at 7,113.75 at the close. Meanwhile, Dr Reddy’s Laboratories Ltd (NS:REDY ) added 2.22% or 27.75 points to end at 1,275.40 and Cipla Ltd. (NS:CIPL ) was up 1.49% or 21.55 points to 1,472.40 in late trade.

The worst performers of the session were Tata Motors Ltd (NS:TAMO ), which fell 3.08% or 24.05 points to trade at 755.70 at the close. Power Grid Corporation of India Ltd (NS:PGRD ) declined 2.50% or 8.25 points to end at 321.55 and Bharat Electronics Ltd (NS:BAJE ) was down 2.19% or 6.80 points to 303.80.

The top performers on the BSE Sensex 30 were Wipro Ltd (BO:WIPR ) which rose 1.05% to 312.05, Tata Consultancy Services Ltd. (BO:TCS ) which was up 0.71% to settle at 4,355.00 and Reliance Industries Ltd (BO:RELI ) which gained 0.67% to close at 1,253.50.

The worst performers were Tata Motors Ltd (BO:TAMO ) which was down 2.75% to 757.90 in late trade, Power Grid Corporation of India Ltd (BO:PGRD ) which lost 2.42% to settle at 322.00 and NTPC Ltd (BO:NTPC ) which was down 1.85% to 342.80 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1831 to 674 and 132 ended unchanged; on the Bombay Stock Exchange, 2431 fell and 1390 advanced, while 93 ended unchanged.

Shares in Wipro Ltd (BO:WIPR ) rose to 52-week highs; up 1.05% or 3.25 to 312.05.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 0.72% to 14.38.

Gold Futures for February delivery was up 0.06% or 1.61 to $2,663.61 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.13% or 0.09 to hit $70.17 a barrel, while the February Brent oil contract rose 0.66% or 0.48 to trade at $73.67 a barrel.

USD/INR was up 0.01% to 84.91, while EUR/INR rose 0.03% to 89.11.

The US Dollar Index Futures was up 0.05% at 106.72.

Source: Investing.com