Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

India shares lower at close of trade; Nifty 50 down 0.37%

Published 14/02/2018, 09:45 pm
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.37%
NSEI
-
NIFVIX
-
AXBK
-
BRTI
-
COAL
-
RELI
-
SBI
-
TEML
-
WIPR
-
YESB
-
BSESN
-
BSESHLIP
-
BSEPSU
-
BSEBANK
-
SMMN
-

Investing.com – India equities were lower at the close on Wednesday, as losses in the Public Sector Undertakings, Banking and Healthcare sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.37%, while the BSE Sensex 30 index fell 0.42%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 3.07% or 18.15 points to trade at 611.50 at the close. Indiabulls Housing Finance Ltd (NS:INBF) added 1.99% or 26.15 points to end at 1348.20 and Bharti Airtel Ltd. (NS:BRTI) was up 1.67% or 7.10 points to 434.80 in late trade.

Biggest losers included Yes Bank Ltd (NS:YESB), which lost 4.79% or 16.05 points to trade at 320.35 in late trade. State Bank Of India (NS:SBI) declined 4.59% or 13.25 points to end at 276.20 and AXIS Bank Ltd (NS:AXBK) shed 3.97% or 22.40 points to 543.90.

The top performers on the BSE Sensex 30 were Coal India Ltd (BO:COAL) which rose 2.47% to 307.60, Reliance Industries Ltd (BO:RELI) which was up 1.94% to settle at 932.40 and Wipro Ltd (BO:WIPR) which gained 1.77% to close at 293.00.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 4.40% to 320.20 in late trade, State Bank Of India (BO:SBI) which lost 4.06% to settle at 276.80 and AXIS Bank Ltd. (BO:AXBK) which was down 3.35% to 543.95 at the close.

Declining stocks outnumbered rising ones by 874 to 729 and 28 ended unchanged; on the Bombay Stock Exchange, 1444 fell and 1312 advanced, while 123 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.90% to 17.1850.

In commodities trading, Gold Futures for April delivery was up 0.28% or 3.70 to $1334.10 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.64% or 0.38 to hit $58.81 a barrel, while the April Brent oil contract fell 0.33% or 0.21 to trade at $62.51 a barrel.

USD/INR was down 0.31% to 64.065, while EUR/INR fell 0.32% to 79.1225.

The US Dollar Index Futures was down 0.06% at 89.55.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.