India shares lower at close of trade; Nifty 50 down 0.82% By Investing.com

India shares lower at close of trade; Nifty 50 down 0.82%

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Investing.com – India equities were lower at the close on Tuesday, as losses in the Metals, Real Estate and Oil & Gas sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.82%, while the BSE Sensex 30 index lost 0.66%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 1.58% or 12.40 points to trade at 798.45 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) added 1.03% or 18.40 points to end at 1,801.85 and Power Grid Corporation of India Ltd (NS:PGRD) was up 0.76% or 1.75 points to 232.65 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS:HALC), which lost 5.90% or 34.00 points to trade at 542.35 in late trade. Coal India Ltd (NS:COAL) declined 5.30% or 10.40 points to end at 186.00 and Grasim Industries Ltd (NS:GRAS) shed 3.55% or 64.65 points to 1,755.50.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 1.67% to 798.55, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 1.05% to settle at 1,801.50 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.82% to close at 232.80.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 2.76% to 1,320.55 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 2.26% to settle at 1,415.95 and Wipro Ltd (BO:WIPR) which was down 2.16% to 558.85 at the close.

Declining stocks outnumbered rising ones by 1398 to 439 and 23 ended unchanged; on the Bombay Stock Exchange, 2174 fell and 1129 advanced, while 94 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.62% to 18.16.

In commodities trading, Gold Futures for June delivery was up 0.35% or 6.80 to $1,955.00 a troy ounce. Meanwhile, Crude oil for delivery in May rose 4.02% or 3.79 to hit $98.08 a barrel, while the June Brent oil contract rose 4.36% or 4.29 to trade at $102.77 a barrel.

USD/INR was up 0.38% to 76.12, while EUR/INR rose 0.29% to 82.75.

The US Dollar Index Futures was up 0.16% at 100.09.

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