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India stocks lower at close of trade; Nifty 50 down 0.28%

Published 09/07/2016, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.28%
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Consumer Durables, Oil & Gas and Green Energy sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.28%, while the BSE Sensex 30 index lost 0.18%.

The best performers of the session on the Nifty 50 were Bharat Heavy Electricals Ltd. (NS:BHEL), which rose 15.56% or 21.50 points to trade at 159.65 at the close. Meanwhile, Bank Of Baroda (NS:BOB) added 3.13% or 5.30 points to end at 174.80 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 2.68% or 6.40 points to 244.95 in late trade.

The worst performers of the session were Yes Bank Ltd. (NS:YESB), which fell 2.72% or 39.25 points to trade at 1401.55 at the close. Tata Power Co. Ltd (NS:TTPW) declined 2.29% or 1.80 points to end at 76.70 and Asian Paints Ltd. (NS:ASPN) was down 2.24% or 26.95 points to 1177.20.

The top performers on the BSE Sensex 30 were Bharat Heavy Electricals Ltd. (BO:BHEL) which rose 15.50% to 159.80, State Bank Of India (BO:SBI) which was up 2.74% to settle at 266.55 and Oil And Natural Gas Corporation Ltd (BO:ONGC) which gained 2.51% to close at 245.10.

The worst performers were Tata Power Co. Ltd (BO:TTPW) which was down 2.36% to 76.55 in late trade, Housing Development Finance Corp. (BO:HDFC) which lost 1.87% to settle at 1427.70 and AXIS Bank Ltd. (BO:AXBK) which was down 1.72% to 625.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 736 to 716 and 79 ended unchanged; on the Bombay Stock Exchange, 828 rose and 804 declined, while 49 ended unchanged.

Shares in State Bank Of India (BO:SBI) rose to 52-week highs; up 2.74% or 7.10 to 266.55.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 3.10% to 13.1450.

Gold for December delivery was down 0.13% or 1.75 to $1352.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.05% or 0.47 to hit $45.30 a barrel, while the November Brent oil contract rose 1.16% or 0.55 to trade at $47.81 a barrel.

USD/INR was up 0.18% to 66.376, while EUR/INR rose 0.05% to 74.6720.

The US Dollar Index was up 0.01% at 94.81.

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