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India stocks lower at close of trade; Nifty 50 down 1.08%

Published 01/02/2019, 05:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.08%
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Investing.com – India stocks were lower after the close on Wednesday, as losses in the Metals, Auto and Green Energy sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.08%, while the BSE Sensex 30 index fell 1.00%.

The best performers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 1.48% or 6.40 points to trade at 440.05 at the close. Meanwhile, Tata Consultancy Services Ltd. (NS:TCS) added 0.85% or 16.20 points to end at 1923.30 and Asian Paints Ltd. (NS:ASPN) was up 0.62% or 8.50 points to 1383.30 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 9.40% or 2181.10 points to trade at 21162.30 at the close. Vedanta Ltd (NS:VDAN) declined 4.40% or 8.90 points to end at 193.15 and Tata Steel Ltd (NS:TISC) was down 4.51% or 23.25 points to 493.65.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 1.66% to 440.30, Tata Consultancy Services Ltd. (BO:TCS) which was up 1.09% to settle at 1923.15 and Asian Paints Ltd. (BO:ASPN) which gained 0.71% to close at 1381.55.

The worst performers were Vedanta Ltd (BO:VDAN) which was down 4.48% to 193.10 in late trade, Tata Steel Ltd (BO:TISC) which lost 4.21% to settle at 493.85 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 4.15% to 741.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1082 to 493 and 71 ended unchanged; on the Bombay Stock Exchange, 1550 fell and 905 advanced, while 152 ended unchanged.

Shares in Tata Steel Ltd (NS:TISC) fell to 52-week lows; losing 4.51% or 23.25 to 493.65. Shares in Tata Steel Ltd (BO:TISC) fell to 52-week lows; falling 4.21% or 21.70 to 493.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.93% to 16.3875.

Gold Futures for February delivery was up 0.65% or 8.30 to $1289.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.04% or 0.47 to hit $44.94 a barrel, while the March Brent oil contract fell 1.17% or 0.63 to trade at $53.17 a barrel.

USD/INR was up 0.92% to 70.085, while EUR/INR rose 0.72% to 80.1740.

The US Dollar Index Futures was up 0.06% at 95.790.

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