Investing.com – India stocks were lower after the close on Wednesday, as losses in the Metals, Banking and Public Sector Undertakings sectors led shares lower.
At the close in NSE, the Nifty 50 lost 0.87% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.89%.
The best performers of the session on the Nifty 50 were Asian Paints Ltd. (NS:ASPN), which rose 2.88% or 100.00 points to trade at 3,570.65 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:SUN) added 2.31% or 20.70 points to end at 917.85 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 2.11% or 88.10 points to 4,269.70 in late trade.
The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 3.44% or 12.85 points to trade at 360.75 at the close. JSW Steel Ltd (NS:JSTL) declined 3.22% or 20.50 points to end at 616.50 and ITC Ltd (NS:ITC) was down 2.96% or 9.90 points to 324.95.
The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 2.90% to 3,571.20, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 2.21% to settle at 916.70 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 2.03% to close at 4,267.20.
The worst performers were ITC Ltd (BO:ITC) which was down 2.97% to 324.90 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 2.84% to settle at 716.35 and Reliance Industries Ltd (BO:RELI) which was down 2.64% to 2,332.10 at the close.
Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1209 to 618 and 48 ended unchanged; on the Bombay Stock Exchange, 1989 fell and 1293 advanced, while 102 ended unchanged.
The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.45% to 22.09 a new 3-months high.
Gold Futures for December delivery was up 0.12% or 1.95 to $1,638.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.89% or 0.70 to hit $79.20 a barrel, while the December Brent oil contract rose 0.86% or 0.73 to trade at $85.60 a barrel.
USD/INR was up 0.15% to 81.83, while EUR/INR rose 0.05% to 78.41.
The US Dollar Index Futures was up 0.22% at 114.29.