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India stocks lower at close of trade; Nifty 50 down 0.11%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Fast Moving Consumer Goods, Metals and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.11%, while the BSE Sensex 30 index lost 0.11%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 1.92% or 13.90 points to trade at 736.10 at the close. Meanwhile, Adani Enterprises Ltd (NS:ADEL) added 1.43% or 33.50 points to end at 2,372.45 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 1.00% or 2.90 points to 292.00 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 1.65% or 5.20 points to trade at 310.10 at the close. JSW Steel Ltd (NS:JSTL) declined 1.62% or 15.20 points to end at 921.85 and SBI Life Insurance Company Ltd (NS:SBIL) was down 1.30% or 18.30 points to 1,387.00.

The top performers on the BSE Sensex 30 were Tata Motors Ltd (BO:TAMO) which rose 1.92% to 736.35, ITC Ltd (BO:ITC) which was up 0.86% to settle at 478.30 and Nestle India Ltd (BO:NEST) which gained 0.69% to close at 2,166.80.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.62% to 310.15 in late trade, JSW Steel Ltd (BO:JSTL) which lost 1.54% to settle at 922.25 and Titan Company Ltd (BO:TITN) which was down 1.19% to 3,356.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1186 to 1141 and 45 ended unchanged; on the Bombay Stock Exchange, 0 fell and 0 advanced.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.53% to 20.08 a new 3-months high.

Gold Futures for February delivery was unchanged 0.00% or 0.00 to $2,633.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.09% or 0.06 to hit $70.10 a barrel, while the March Brent oil contract rose 1.24% or 0.90 to trade at $73.22 a barrel.

USD/INR was up 0.27% to 85.40, while EUR/INR rose 0.01% to 88.56.

The US Dollar Index Futures was up 0.18% at 108.00.

This post appeared first on investing.com

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