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India shares lower at close of trade; Nifty 50 down 1.31%

Published 09/11/2016, 10:45
© Reuters.  India shares lower at close of trade; Nifty 50 down 1.31%
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Investing.com – India equities were lower at the close on Wednesday, as losses in the Real Estate, Consumer Durables and IT sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.31% to hit a new 3-month low, while the BSE Sensex 30 index declined 1.23%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy's Laboratories Ltd. (NS:REDY), which rose 5.64% or 175.80 points to trade at 3294.80 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) added 4.82% or 30.60 points to end at 666.00 and State Bank Of India (NS:SBI) was up 3.23% or 8.15 points to 260.80 in late trade.

Biggest losers included Ambuja Cements Ltd. (NS:ABUJ), which lost 5.58% or 13.65 points to trade at 231.00 in late trade. Maruti Suzuki India Ltd. (NS:MRTI) declined 4.57% or 259.00 points to end at 5410.00 and Tata Consultancy Services Ltd. (NS:TCS) shed 4.27% or 97.40 points to 2185.80.

The top performers on the BSE Sensex 30 were Dr. Reddy's Laboratories Ltd. (BO:REDY) which rose 5.04% to 3271.70, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 4.07% to settle at 661.10 and State Bank Of India (BO:SBI) which gained 2.83% to close at 259.75.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 4.93% to 2171.05 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 4.68% to settle at 5396.70 and Hero MotoCorp Limited (BO:HROM) which was down 3.97% to 3235.70 at the close.

Declining stocks outnumbered rising ones by 1273 to 231 and 19 ended unchanged; on the Bombay Stock Exchange, 2120 fell and 588 advanced, while 96 ended unchanged on the India National Stock Exchange.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 0.89% to 16.6200.

In commodities trading, Gold for December delivery was up 2.39% or 30.45 to $1304.95 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.18% or 0.08 to hit $45.06 a barrel, while the January Brent oil contract rose 0.26% or 0.12 to trade at $46.16 a barrel.

USD/INR was up 0.43% to 66.490, while EUR/INR rose 1.03% to 73.7870.

The US Dollar Index was down 0.60% at 97.29.

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