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

Published 02/14/2018, 05:45 AM
Updated 02/14/2018, 05:50 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.37%
NSEI
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AXBK
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Public Sector Undertakings, Banking and Healthcare sectors led shares lower.

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

The best performers 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. Meanwhile, 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.

The worst performers of the session were Yes Bank Ltd (NS:YESB), which fell 4.79% or 16.05 points to trade at 320.35 at the close. State Bank Of India (NS:SBI) declined 4.59% or 13.25 points to end at 276.20 and AXIS Bank Ltd (NS:AXBK) was down 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.

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

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

Gold Futures for April delivery was up 0.28% or 3.70 to $1334.10 a troy ounce. Elsewhere in commodities trading, 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 0.32% or 0.20 to trade at $62.52 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.

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