India stocks lower at close of trade; Nifty 50 down 0.21%

India stocks lower at close of trade; Nifty 50 down 0.21%

Apr 18, 2018

Investing.com – India stocks were lower after the close on Wednesday, as losses in the Consumer Durables, Banking and Oil&Gas sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.21%, while the BSE Sensex 30 index declined 0.18%.

The best performers of the session on the Nifty 50 were ITC Ltd (NS:ITC), which rose 3.33% or 8.90 points to trade at 275.35 at the close. Meanwhile, Wipro Ltd (NS:WIPR) added 2.90% or 8.25 points to end at 292.65 and Zee Entertainment Enterprises Ltd. (NS:ZEE) was up 2.22% or 12.80 points to 588.25 in late trade.

The worst performers of the session were Hindustan Petroleum Corporation Ltd (NS:HPCL), which fell 3.03% or 10.00 points to trade at 319.60 at the close. AXIS Bank Ltd (NS:AXBK) declined 2.76% or 14.70 points to end at 518.25 and Titan Company Ltd (NS:TITN) was down 1.98% or 19.80 points to 977.10.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 2.82% to 275.30, Wipro Ltd (BO:WIPR) which was up 2.40% to settle at 292.35 and Bharti Airtel Ltd (BO:BRTI) which gained 1.29% to close at 386.20.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 2.60% to 518.70 in late trade, Mahindra&Mahindra Ltd. (BO:MAHM) which lost 1.55% to settle at 797.05 and IndusInd Bank Ltd. (BO:INBK) which was down 1.23% to 1844.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1007 to 588 and 40 ended unchanged; on the Bombay Stock Exchange, 1497 fell and 1093 advanced, while 137 ended unchanged.

Shares in Hindustan Petroleum Corporation Ltd (NS:HPCL) fell to 52-week lows; losing 3.03% or 10.00 to 319.60.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.48% to 14.1100.

Gold Futures for June delivery was up 0.13% or 1.80 to $1351.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.31% or 0.87 to hit $67.39 a barrel, while the June Brent oil contract rose 1.09% or 0.78 to trade at $72.36 a barrel.

USD/INR was down 0.09% to 65.624, while EUR/INR fell 0.10% to 81.1586.

The US Dollar Index Futures was up 0.13% at 89.34.

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