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India stocks lower at close of trade; Nifty 50 down 0.20%

Published 10/25/2016, 06:45 AM
Updated 10/25/2016, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 0.20%

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

At the close in NSE, the Nifty 50 lost 0.20%, while the BSE Sensex 30 index lost 0.31%.

The best performers of the session on the Nifty 50 were Adani Ports & Special Economic Zone (NS:APSE), which rose 8.75% or 25.00 points to trade at 310.65 at the close. Meanwhile, Dr. Reddy's Laboratories Ltd. (NS:REDY) added 3.52% or 108.75 points to end at 3198.00 and Bharti Infratel Limited (NS:BHRI) was up 2.45% or 9.050 points to 378.850 in late trade.

The worst performers of the session were TATA STEEL LIMITED (NS:TISC), which fell 2.65% or 11.30 points to trade at 414.75 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) declined 2.63% or 35.25 points to end at 1304.00 and Idea Cellular Ltd (NS:IDEA) was down 2.08% or 1.60 points to 75.20.

The top performers on the BSE Sensex 30 were Adani Ports & Special Economic Zone (BO:APSE) which rose 9.43% to 312.60, Dr. Reddy's Laboratories Ltd. (BO:REDY) which was up 3.59% to settle at 3200.45 and ICICI Bank Ltd. (BO:ICBK) which gained 1.60% to close at 289.10.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.72% to 1303.00 in late trade, TATA STEEL LIMITED (BO:TISC) which lost 2.51% to settle at 415.50 and Gail (India) Ltd. (BO:GAIL) which was down 2.02% to 434.90 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 870 to 621 and 61 ended unchanged; on the Bombay Stock Exchange, 1407 fell and 1312 advanced, while 226 ended unchanged.

Shares in ICICI Bank Ltd. (BO:ICBK) rose to 52-week highs; gaining 1.60% or 4.55 to 289.10.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 1.05% to 14.4825.

Gold for December delivery was up 0.43% or 5.45 to $1269.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.69% or 0.35 to hit $50.87 a barrel, while the December Brent oil contract rose 0.49% or 0.25 to trade at $51.71 a barrel.

USD/INR was down 0.00% to 66.846, while EUR/INR fell 0.05% to 72.7170.

The US Dollar Index was up 0.10% at 98.74.

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