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India stocks lower at close of trade; Nifty 50 down 1.24%

Published 10/17/2018, 06:45 AM
Updated 10/17/2018, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.24%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Real Estate, Auto and Oil & Gas sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.24%, while the BSE Sensex 30 index lost 1.09%.

The best performers of the session on the Nifty 50 were HCL Technologies Ltd (NS:HCLT), which rose 1.85% or 18.60 points to trade at 1024.25 at the close. Meanwhile, Infosys Ltd (NS:INFY) added 1.47% or 10.25 points to end at 705.35 and ITC Ltd (NS:ITC) was up 1.20% or 3.40 points to 286.45 in late trade.

The worst performers of the session were Indiabulls Housing Finance Ltd (NS:INBF), which fell 14.27% or 129.45 points to trade at 788.65 at the close. Bajaj Finance Ltd (NS:BJFN) declined 6.97% or 160.85 points to end at 2150.50 and Yes Bank Ltd (NS:YESB) was down 6.39% or 15.90 points to 231.90.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 1.34% to 286.35, Coal India Ltd (BO:COAL) which was up 1.28% to settle at 280.05 and Wipro Ltd (BO:WIPR) which gained 1.20% to close at 324.00.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 6.85% to 231.75 in late trade, Adani Port and Special Economic Zone Ltd (BO:APSE) which lost 5.41% to settle at 315.00 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 3.79% to 6878.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1275 to 343 and 39 ended unchanged; on the Bombay Stock Exchange, 1846 fell and 666 advanced, while 133 ended unchanged.

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Shares in Indiabulls Housing Finance Ltd (NS:INBF) fell to 52-week lows; falling 14.27% or 129.45 to 788.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.50% to 17.9800.

Gold Futures for December delivery was down 0.13% or 1.60 to $1229.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.58% or 0.42 to hit $71.50 a barrel, while the December Brent oil contract fell 0.39% or 0.32 to trade at $81.09 a barrel.

USD/INR was up 0.61% to 73.685, while EUR/INR rose 0.07% to 85.1065.

The US Dollar Index Futures was up 0.15% at 94.92.

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