India stocks lower at close of trade; Nifty 50 down 0.46%

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 fell 0.46%, while the index fell 0.55%.

The best performers of the session on the were Cipla Ltd. (NS:), which rose 4.83% or 20.55 points to trade at 445.85 at the close. Meanwhile, Dr. Reddy’s Laboratories Ltd (NS:) added 4.14% or 126.05 points to end at 3169.75 and Sun Pharmaceutical Industries Ltd. (NS:) was up 2.78% or 10.95 points to 404.50 in late trade.

The worst performers of the session were Yes Bank Ltd (NS:), which fell 6.09% or 1.90 points to trade at 29.30 at the close. Eicher Motors Ltd. (NS:) declined 4.01% or 716.90 points to end at 17171.55 and Bajaj Finance Ltd (NS:) was down 3.91% or 174.20 points to 4279.90.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:) which rose 3.14% to 405.70, Asian Paints Ltd. (BO:) which was up 2.68% to settle at 1849.85 and Tech Mahindra Ltd (BO:) which gained 2.45% to close at 771.00.

The worst performers were IndusInd Bank Ltd. (BO:) which was down 3.85% to 1066.25 in late trade, Bajaj Finance Ltd (BO:) which lost 3.79% to settle at 4287.05 and ITC Ltd (BO:) which was down 3.30% to 187.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1151 to 388 and 76 ended unchanged; on the Bombay Stock Exchange, 1641 fell and 641 advanced, while 127 ended unchanged.

Shares in Yes Bank Ltd (NS:) fell to 5-year lows; down 6.09% or 1.90 to 29.30. Shares in IndusInd Bank Ltd. (BO:) fell to 3-years lows; falling 3.85% or 42.75 to 1066.25. Shares in ITC Ltd (BO:) fell to 5-year lows; down 3.30% or 6.40 to 187.45.

The , which measures the implied volatility of Nifty 50 options, was down 1.29% to 24.2250.

Gold Futures for April delivery was down 0.14% or 2.30 to $1642.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.25% or 0.59 to hit $47.77 a barrel, while the May Brent oil contract rose 1.12% or 0.58 to trade at $52.44 a barrel.

USD/INR was up 0.27% to 73.229, while EUR/INR rose 0.09% to 81.6525.

The US Dollar Index Futures was up 0.16% at 97.282.

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