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India shares lower at close of trade; Nifty 50 down 1.06%

Published 06/03/2018, 10:45
Updated 06/03/2018, 10:50
© Reuters.  India shares lower at close of trade; Nifty 50 down 1.06%
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Investing.com – India equities were lower at the close on Tuesday, as losses in the Real Estate, Green Energy and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.06% to hit a new 1-month low, while the BSE Sensex 30 index fell 1.27%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 2.49% or 10.80 points to trade at 445.20 at the close. Zee Entertainment Enterprises Ltd. (NS:ZEE) added 0.80% or 4.40 points to end at 559.50 and UltraTech Cement Ltd (NS:ULTC) was up 1.33% or 54.40 points to 4150.30 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd. (NS:SUN), which lost 3.30% or 18.10 points to trade at 531.75 in late trade. ICICI Bank Ltd (NS:ICBK) declined 2.84% or 8.60 points to end at 295.05 and Mahindra & Mahindra Ltd. (NS:MAHM) shed 2.66% or 19.70 points to 719.90.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 1.21% to 1707.10, Tata Steel Ltd (BO:TISC) which was up 0.79% to settle at 660.50 and Hero MotoCorp Ltd (BO:HROM) which gained 0.35% to close at 3570.00.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.95% to 531.70 in late trade, State Bank Of India (BO:SBI) which lost 2.77% to settle at 256.50 and ICICI Bank Ltd (BO:ICBK) which was down 2.64% to 295.10 at the close.

Declining stocks outnumbered rising ones by 1304 to 300 and 36 ended unchanged; on the Bombay Stock Exchange, 1993 fell and 636 advanced, while 152 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.52% to 16.2450.

In commodities trading, Gold Futures for April delivery was up 0.47% or 6.20 to $1326.10 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.21% or 0.13 to hit $62.70 a barrel, while the May Brent oil contract rose 0.12% or 0.08 to trade at $65.62 a barrel.

USD/INR was up 0.12% to 65.077, while EUR/INR rose 0.15% to 80.3352.

The US Dollar Index Futures was down 0.08% at 89.89.

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