India shares lower at close of trade; Nifty 50 down 0.55% By Investing.com

India shares lower at close of trade; Nifty 50 down 0.55%

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

At the close in NSE, the Nifty 50 lost 0.55%, while the BSE Sensex 30 index fell 0.43%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 1.69% or 72.15 points to trade at 4,347.10 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) added 1.44% or 26.70 points to end at 1,881.00 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 1.42% or 30.85 points to 2,206.80 in late trade.

Biggest losers included Divi's Laboratories Ltd. (NS:DIVI), which lost 6.06% or 236.20 points to trade at 3,661.70 in late trade. Tech Mahindra Ltd (NS:TEML) declined 3.90% or 44.55 points to end at 1,098.35 and Grasim Industries Ltd (NS:GRAS) shed 3.75% or 54.65 points to 1,402.75.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 1.80% to 4,351.10, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 1.74% to settle at 2,210.00 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 1.35% to close at 1,880.85.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 3.92% to 1,098.05 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 2.98% to settle at 2,309.05 and HCL Technologies Ltd (BO:HCLT) which was down 2.57% to 991.95 at the close.

Declining stocks outnumbered rising ones by 1371 to 473 and 41 ended unchanged; on the Bombay Stock Exchange, 2191 fell and 1006 advanced, while 122 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.56% to 25.64 a new 1-month high.

In commodities trading, Gold Futures for June delivery was up 0.35% or 6.50 to $1,854.30 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.29% or 0.32 to hit $110.61 a barrel, while the August Brent oil contract rose 0.25% or 0.28 to trade at $111.06 a barrel.

USD/INR was up 0.12% to 77.60, while EUR/INR rose 0.31% to 83.11.

The US Dollar Index Futures was down 0.09% at 102.01.

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