India stocks lower at close of trade; Nifty 50 down 1.01%

Investing.com – India stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in NSE, the declined 1.01%, while the index declined 0.97%.

The best performers of the session on the were Yes Bank Ltd (NS:), which rose 4.98% or 1.75 points to trade at 36.90 at the close. Meanwhile, State Bank Of India (NS:) added 0.41% or 1.35 points to end at 328.15 and Bharti Infratel Ltd (NS:) was up 0.14% or 0.30 points to 216.60 in late trade.

The worst performers of the session were GAIL Ltd (NS:), which fell 5.13% or 5.85 points to trade at 108.15 at the close. Sun Pharmaceutical Industries Ltd. (NS:) declined 3.83% or 14.90 points to end at 374.00 and Tata Motors Ltd (NS:) was down 3.60% or 5.40 points to 144.50.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:) which rose 0.51% to 328.25, Hindustan Unilever Ltd. (BO:) which was up 0.38% to settle at 2240.95 and HCL Technologies Ltd (BO:) which gained 0.23% to close at 584.00.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:) which was down 3.60% to 374.60 in late trade, Maruti Suzuki India Ltd. (BO:) which lost 2.73% to settle at 6237.60 and Larsen & Toubro Ltd (BO:) which was down 2.49% to 1211.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1068 to 468 and 83 ended unchanged; on the Bombay Stock Exchange, 1544 fell and 796 advanced, while 143 ended unchanged.

Shares in GAIL Ltd (NS:) fell to 3-years lows; losing 5.13% or 5.85 to 108.15. Shares in Larsen & Toubro Ltd (BO:) fell to 52-week lows; losing 2.49% or 30.95 to 1211.45.

The , which measures the implied volatility of Nifty 50 options, was up 8.06% to 18.2600 a new 6-months high.

Gold Futures for April delivery was down 0.03% or 0.55 to $1649.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.14% or 0.57 to hit $49.33 a barrel, while the May Brent oil contract fell 1.49% or 0.81 to trade at $53.45 a barrel.

USD/INR was down 0.23% to 71.645, while EUR/INR fell 0.23% to 77.9390.

The US Dollar Index Futures was up 0.14% at 99.037.

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