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India shares lower at close of trade; Nifty 50 down 0.23%

Published 18/10/2017, 09:45 pm
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.23%
NSEI
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AXBK
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CIPL
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ICBK
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PGRD
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WIPR
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INUS
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Investing.com – India equities were lower at the close on Wednesday, as losses in the Banking, Healthcare and Technology sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.23%, while the BSE Sensex 30 index fell 0.08%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 4.81% or 42.05 points to trade at 916.40 at the close. Power Grid Corporation of India Ltd (NS:PGRD) added 3.88% or 7.95 points to end at 212.85 and Indiabulls Housing Finance Ltd (NS:INBF) was up 2.47% or 32.70 points to 1358.40 in late trade.

Biggest losers included AXIS Bank Ltd (NS:AXBK), which lost 9.48% or 48.65 points to trade at 464.50 in late trade. ICICI Bank Ltd (NS:ICBK) declined 3.92% or 10.75 points to end at 263.15 and Bharti Infratel Ltd (NS:BHRI) shed 3.64% or 17.45 points to 461.75.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 4.52% to 913.75, Power Grid Corporation of India Ltd (BO:PGRD) which was up 4.00% to settle at 213.10 and Wipro Ltd (BO:WIPR) which gained 1.92% to close at 295.05.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 9.52% to 464.35 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 3.96% to settle at 263.05 and Cipla Ltd. (BO:CIPL) which was down 3.26% to 610.70 at the close.

Declining stocks outnumbered rising ones by 864 to 711 and 17 ended unchanged; on the Bombay Stock Exchange, 1347 fell and 1228 advanced, while 124 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.60% to 11.5400.

In commodities trading, Gold Futures for December delivery was down 0.27% or 3.49 to $1282.71 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.46% or 0.24 to hit $52.12 a barrel, while the December Brent oil contract rose 0.85% or 0.49 to trade at $58.37 a barrel.

USD/INR was up 0.23% to 65.065, while EUR/INR fell 0.01% to 76.5134.

The US Dollar Index Futures was up 0.15% at 93.50.

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