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India stocks lower at close of trade; Nifty 50 down 0.26%

Published 02/27/2019, 05:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.26%
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Consumer Durables, Power and Banking sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.26%, while the BSE Sensex 30 index fell 0.19%.

The best performers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 2.15% or 81.45 points to trade at 3889.10 at the close. Meanwhile, Bajaj Auto Ltd (NS:BAJA) added 1.46% or 41.70 points to end at 2914.70 and UPL Ltd (NS:UPLL) was up 1.16% or 9.95 points to 869.30 in late trade.

The worst performers of the session were Bharti Infratel Ltd (NS:BHRI), which fell 3.73% or 11.50 points to trade at 296.75 at the close. Wipro Ltd (NS:WIPR) declined 3.28% or 12.70 points to end at 374.40 and Vedanta Ltd (NS:VDAN) was down 3.30% or 5.60 points to 164.65.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 2.43% to 323.00, Bajaj Auto Ltd (BO:BAJA) which was up 2.09% to settle at 2912.25 and Larsen & Toubro Ltd (BO:LART) which gained 1.49% to close at 1282.95.

The worst performers were Tata Motors Ltd DVR (BO:TAMdv) which was down 3.03% to 88.00 in late trade, Tata Motors Ltd (BO:TAMO) which lost 3.01% to settle at 177.20 and Vedanta Ltd (BO:VDAN) which was down 2.92% to 164.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 848 to 725 and 57 ended unchanged; on the Bombay Stock Exchange, 1322 fell and 1120 advanced, while 158 ended unchanged.

Shares in UPL Ltd (NS:UPLL) rose to 52-week highs; up 1.16% or 9.95 to 869.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 10.41% to 18.8975 a new 1-month high.

Gold Futures for April delivery was up 0.01% or 0.15 to $1328.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.26% or 0.70 to hit $56.20 a barrel, while the May Brent oil contract rose 0.75% or 0.49 to trade at $65.85 a barrel.

USD/INR was up 0.25% to 71.195, while EUR/INR rose 0.33% to 81.1705.

The US Dollar Index Futures was down 0.06% at 95.808.

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