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India shares lower at close of trade; Nifty 50 down 0.23%

Published 19/04/2023, 11:45
India shares lower at close of trade; Nifty 50 down 0.23%

Investing.com – India equities were lower at the close on Wednesday, as losses in the IT, Technology and Power sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.23%, while the BSE Sensex 30 index fell 0.27%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 2.39% or 8.00 points to trade at 342.80 at the close. Divi's Laboratories Ltd. (NS:DIVI) added 1.96% or 64.10 points to end at 3,334.70 and Bajaj Auto Ltd (NS:BAJA) was up 1.34% or 56.55 points to 4,265.80 in late trade.

Biggest losers included IndusInd Bank Ltd. (NS:INBK), which lost 2.45% or 28.10 points to trade at 1,118.80 in late trade. HCL Technologies Ltd (NS:HCLT) declined 2.36% or 25.15 points to end at 1,038.70 and Infosys Ltd (NS:INFY) shed 2.16% or 27.15 points to 1,232.20.

The top performers on the BSE Sensex 30 were Axis Bank Ltd. (BO:AXBK) which rose 1.05% to 873.15, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 0.90% to settle at 1,215.85 and Bharti Airtel Ltd (BO:BRTI) which gained 0.77% to close at 764.90.

The worst performers were HCL Technologies Ltd (BO:HCLT) which was down 2.40% to 1,038.00 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.35% to settle at 1,119.95 and Infosys Ltd (BO:INFY) which was down 2.28% to 1,232.20 at the close.

Advancing stocks outnumbered falling ones by 953 to 946 and 69 ended unchanged; on the Bombay Stock Exchange, 1779 rose and 1609 declined, while 118 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.64% to 12.15.

In commodities trading, Gold Futures for June delivery was down 1.70% or 34.25 to $1,985.45 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.67% or 1.35 to hit $79.55 a barrel, while the June Brent oil contract fell 1.76% or 1.49 to trade at $83.28 a barrel.

USD/INR was up 0.14% to 82.22, while EUR/INR fell 0.13% to 89.92.

The US Dollar Index Futures was up 0.30% at 101.75.

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