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India stocks lower at close of trade; Nifty 50 down 0.52%

Published 07/26/2016, 06:45 AM
Updated 07/26/2016, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 0.52%

Investing.com – India stocks were lower after the close on Tuesday, as losses in the Real Estate, Auto and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.52%, while the BSE Sensex 30 index fell 0.42%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd. (NS:AXBK), which rose 2.92% or 15.70 points to trade at 553.80 at the close. Meanwhile, Yes Bank Ltd. (NS:YESB) added 1.47% or 17.40 points to end at 1200.15 and POWER GRID CORPORATION OF INDIA (NS:PGRD) was up 1.45% or 2.45 points to 171.40 in late trade.

The worst performers of the session were Dr. Reddy's Laboratories Ltd. (NS:REDY), which fell 4.67% or 162.70 points to trade at 3319.65 at the close. Hindalco Industries Ltd. (NS:HALC) declined 2.63% or 3.55 points to end at 131.65 and ICICI Bank Ltd . (NS:ICBK) was down 2.61% or 7.00 points to 261.65.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 2.85% to 553.65, TATA STEEL LIMITED (BO:TISC) which was up 1.06% to settle at 367.65 and Infosys Ltd (BO:INFY) which gained 0.77% to close at 1088.80.

The worst performers were Dr. Reddy's Laboratories Ltd. (BO:REDY) which was down 4.37% to 3322.85 in late trade, ICICI Bank Ltd. (BO:ICBK) which lost 2.64% to settle at 262.05 and Hindalco Industries Ltd. (BO:HALC) which was down 2.37% to 131.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 996 to 477 and 59 ended unchanged; on the Bombay Stock Exchange, 1078 fell and 538 advanced, while 59 ended unchanged.

Shares in Yes Bank Ltd. (NS:YESB) rose to all time highs; gaining 1.47% or 17.40 to 1200.15. Shares in POWER GRID CORPORATION OF INDIA (NS:PGRD) rose to all time highs; rising 1.45% or 2.45 to 171.40.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 0.62% to 15.6200.

Gold for December delivery was up 0.03% or 0.45 to $1327.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.00% or 0.43 to hit $42.70 a barrel, while the October Brent oil contract fell 0.64% or 0.29 to trade at $44.84 a barrel.

USD/INR was down 0.22% to 67.266, while EUR/INR fell 0.15% to 74.0150.

The US Dollar Index was down 0.20% at 97.09.

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