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India shares lower at close of trade; Nifty 50 down 0.83%

Published 31/01/2017, 09:45 pm
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.83%
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Investing.com – India equities were lower at the close on Tuesday, as losses in the IT, Technology and Oil & Gas sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.83%, while the BSE Sensex 30 index fell 0.70%.

The biggest gainers of the session on the Nifty 50 were Idea Cellular Ltd (NS:IDEA), which rose 12.74% or 12.45 points to trade at 110.15 at the close. IndusInd Bank Ltd. (NS:INBK) added 0.88% or 10.95 points to end at 1250.65 and ITC Ltd (NS:ITC) was up 0.82% or 2.10 points to 258.20 in late trade.

Biggest losers included Bharti Infratel Limited (NS:BHRI), which lost 10.86% or 35.700 points to trade at 293.000 in late trade. Grasim Industries Ltd (NS:GRAS) declined 6.14% or 59.55 points to end at 910.00 and Tata Consultancy Services Ltd. (NS:TCS) shed 4.33% or 100.90 points to 2232.00.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 0.84% to 258.05, POWER GRID CORPORATION OF INDIA (BO:PGRD) which was up 0.76% to settle at 206.55 and Bajaj Auto Limited (BO:BAJA) which gained 0.44% to close at 2837.75.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 4.47% to 2229.90 in late trade, Gail (India) Ltd. (BO:GAIL) which lost 3.41% to settle at 467.20 and Adani Ports & Special Economic Zone (BO:APSE) which was down 3.23% to 293.40 at the close.

Declining stocks outnumbered rising ones by 1171 to 336 and 59 ended unchanged; on the Bombay Stock Exchange, 1864 fell and 801 advanced, while 208 ended unchanged on the India National Stock Exchange.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 0.93% to 16.8250 a new 1-month high.

In commodities trading, Gold Futures for April delivery was up 0.39% or 4.65 to $1200.65 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.36% or 0.19 to hit $52.44 a barrel, while the April Brent oil contract fell 0.04% or 0.02 to trade at $55.30 a barrel.

USD/INR was up 0.00% to 67.830, while EUR/INR rose 0.14% to 72.6524.

The US Dollar Index Futures was down 0.03% at 100.39.

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