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India stocks lower at close of trade; Nifty 50 down 0.60%

Published 11/04/2016, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 0.60%
WIT
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RDY
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NSEI
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HCLT
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ITC
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LUPN
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TAMdv
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Investing.com – India stocks were lower after the close on Friday, as losses in the Healthcare, Real Estate and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.60% to hit a new 3-months low, while the BSE Sensex 30 index fell 0.57%.

The best performers of the session on the Nifty 50 were HCL Technologies Ltd (NS:HCLT), which rose 3.92% or 29.90 points to trade at 793.00 at the close. Meanwhile, ITC Ltd (NS:ITC) added 3.14% or 7.55 points to end at 247.85 and Tata Motors DV Ltd (NS:TAMdv) was up 1.25% or 4.15 points to 336.00 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. (NS:SUN), which fell 7.08% or 49.85 points to trade at 653.80 at the close. Dr. Reddy's Laboratories Ltd. (NS:REDY) declined 5.22% or 170.35 points to end at 3092.00 and Bharti Infratel Limited (NS:BHRI) was down 4.57% or 17.400 points to 363.500.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 3.64% to 249.10, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 1.02% to settle at 1372.45 and Wipro Ltd. (BO:WIPR) which gained 0.91% to close at 452.45.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 7.41% to 652.75 in late trade, Dr. Reddy's Laboratories Ltd. (BO:REDY) which lost 5.67% to settle at 3077.20 and Lupin Ltd (BO:LUPN) which was down 3.57% to 1420.90 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1340 to 174 and 31 ended unchanged; on the Bombay Stock Exchange, 2187 fell and 654 advanced, while 112 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) fell to 52-week lows; losing 7.08% or 49.85 to 653.80. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) fell to 52-week lows; down 7.41% or 52.25 to 652.75.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 2.32% to 16.8475 a new 1-month high.

Gold for December delivery was down 0.05% or 0.65 to $1302.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.16% or 0.07 to hit $44.59 a barrel, while the January Brent oil contract fell 0.43% or 0.20 to trade at $46.15 a barrel.

USD/INR was up 0.09% to 66.757, while EUR/INR rose 0.02% to 74.0670.

The US Dollar Index was up 0.03% at 97.22.

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