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India stocks lower at close of trade; Nifty 50 down 1.38%

Published 09/27/2017, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.38%
NSEI
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Real Estate, Healthcare and Capital Goods sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.38% to hit a new 1-month low, while the BSE Sensex 30 index declined 1.39%.

The best performers of the session on the Nifty 50 were Bharti Infratel Ltd (NS:BHRI), which rose 1.90% or 7.15 points to trade at 382.65 at the close. Meanwhile, Tata Consultancy Services Ltd. (NS:TCS) added 0.82% or 20.35 points to end at 2495.00 and Tech Mahindra Ltd (NS:TEML) was up 0.58% or 2.60 points to 449.95 in late trade.

The worst performers of the session were Adani Port and Special Economic Zone Ltd (NS:APSE), which fell 4.61% or 18.00 points to trade at 372.55 at the close. State Bank Of India (NS:SBI) declined 3.04% or 7.85 points to end at 250.40 and UltraTech Cement Ltd (NS:ULTC) was down 2.97% or 116.15 points to 3798.50.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 0.62% to 2490.15, Coal India Ltd (BO:COAL) which was up 0.25% to settle at 260.95 and Gail (India) Ltd. (BO:GAIL) which gained 0.20% to close at 398.40.

The worst performers were Adani Port and Special Economic Zone Ltd (BO:APSE) which was down 4.85% to 371.60 in late trade, State Bank Of India (BO:SBI) which lost 2.89% to settle at 250.45 and Reliance Industries Ltd (BO:RELI) which was down 2.51% to 798.60 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1312 to 243 and 18 ended unchanged; on the Bombay Stock Exchange, 1921 fell and 542 advanced, while 123 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.23% to 13.8625 a new 1-month high.

Gold Futures for December delivery was down 0.66% or 8.57 to $1293.13 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.15% or 0.08 to hit $51.80 a barrel, while the December Brent oil contract fell 0.50% or 0.29 to trade at $57.63 a barrel.

USD/INR was up 0.49% to 65.675, while EUR/INR rose 0.02% to 77.2148.

The US Dollar Index Futures was up 0.36% at 93.14.

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