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India stocks lower at close of trade; S&P CNX Nifty down 1.33%

Published 08/12/2015, 06:45 AM
© Reuters.  India stocks lower at close of trade; S&P CNX Nifty down 1.33%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Real Estate, Metals and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the S&P CNX Nifty lost 1.33%, while the BSE Sensex 30 index fell 1.27%.

The best performers of the session on the S&P CNX Nifty were HCL Technologies Ltd (NSE:HCLT), which rose 3.23% or 30.40 points to trade at 970.80 at the close. Meanwhile, Infosys Ltd (NSE:INFY) added 3.18% or 35.25 points to end at 1144.40 and Tech Mahindra Limited (NSE:TEML) was up 3.13% or 16.90 points to 557.55 in late trade.

The worst performers of the session were Vedanta Ltd (NSE:VDAN), which fell 7.85% or 9.70 points to trade at 113.85 at the close. Hindalco Industries Ltd. (NSE:HALC) declined 7.12% or 7.35 points to end at 95.90 and Bharat Petroleum Corp. Ltd. (NSE:BPCL) was down 5.97% or 55.25 points to 870.00.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 3.39% to 1141.75, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 2.90% to settle at 866.25 and Tata Consultancy Services Ltd. (BO:TCS) which gained 2.63% to close at 2671.40.

The worst performers were Vedanta Ltd (BO:VDAN) which was down 8.03% to 113.90 in late trade, Hindalco Industries Ltd. (BO:HALC) which lost 7.21% to settle at 95.90 and Coal India Limited (BO:COAL) which was down 5.53% to 371.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1237 to 193 and 13 ended unchanged; on the Bombay Stock Exchange, 641 fell and 108 advanced, while 2 ended unchanged.

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Shares in Vedanta Ltd (NSE:VDAN) fell to 5-year lows; down 7.85% or 9.70 to 113.85. Shares in Hindalco Industries Ltd. (NSE:HALC) fell to 52-week lows; falling 7.12% or 7.35 to 95.90. Shares in Vedanta Ltd (BO:VDAN) fell to 3-years lows; falling 8.03% or 9.95 to 113.90. Shares in Hindalco Industries Ltd. (BO:HALC) fell to 52-week lows; falling 7.21% or 7.45 to 95.90.

The India Vix, which measures the implied volatility of S&P CNX Nifty options, was up 9.77% to 17.4450 a new 1-month high.

Gold for December delivery was up 0.90% or 10.00 to $1117.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.80% or 0.78 to hit $43.85 a barrel, while the October Brent oil contract rose 1.26% or 0.62 to trade at $50.34 a barrel.

USD/INR was up 0.70% to 64.785, while EUR/INR rose 1.67% to 72.2250.

The US Dollar Index was down 0.77% at 96.48.

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