India stocks lower at close of trade; Nifty 50 down 1.86%

Investing.com – India stocks were lower after the close on Saturday, as losses in the Technology, Auto and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.86% to hit a new 6-months low, while the BSE Sensex 30 index fell 1.90%.

The best performers of the session on the Nifty 50 were HDFC Bank Ltd (NSE:HDBK), which rose 1.86% or 31.70 points to trade at 1,732.40 at the close. Meanwhile, Shriram Finance Ltd. (NSE:SHMF) added 1.73% or 10.50 points to end at 617.30 and Coal India Ltd (NSE:COAL) was up 1.51% or 5.50 points to 369.35 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NSE:TEML), which fell 6.32% or 100.40 points to trade at 1,487.85 at the close. Wipro Ltd (NSE:WIPR) declined 5.72% or 16.85 points to end at 277.65 and IndusInd Bank Ltd. (NSE:INBK) was down 5.41% or 56.60 points to 990.10.

The top performers on the BSE Sensex 30 were HDFC Bank Ltd (BO:HDBK) which rose 1.86% to 1,731.10, Axis Bank Ltd. (BO:AXBK) which was down 0.04% to settle at 1,015.85 and Reliance Industries Ltd (BO:RELI) which lost 0.62% to close at 1,199.60.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 6.19% to 1,488.90 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 5.48% to settle at 988.95 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 5.21% to 2,584.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 0 to 0; on the Bombay Stock Exchange, 0 fell and 0 advanced.

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Shares in Reliance Industries Ltd (BO:RELI) fell to 52-week lows; falling 0.62% or 7.45 to 1,199.60.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.51% to 13.91.

Gold Futures for April delivery was down 1.63% or 47.50 to $2,862.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.84% or 0.59 to hit $69.76 a barrel, while the May Brent oil contract fell 1.03% or 0.76 to trade at $72.81 a barrel.

USD/INR was up 0.16% to 87.47, while EUR/INR fell 0.06% to 90.75.

The US Dollar Index Futures was up 0.35% at 107.56.

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