India stocks lower at close of trade; Nifty 50 down 1.04% By Investing.com

Investing.com – India stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in NSE, the fell 1.04%, while the index declined 1.04%.

The best performers of the session on the were Divi’s Laboratories Ltd. (NS:), which rose 1.25% or 42.55 points to trade at 3,435.55 at the close. Meanwhile, HDFC Life Insurance Company Ltd (NS:) added 0.50% or 3.00 points to end at 598.60 and Maruti Suzuki India Ltd. (NS:) was up 0.43% or 36.25 points to 8,419.00 in late trade.

The worst performers of the session were JSW Steel Ltd (NS:), which fell 4.12% or 31.60 points to trade at 736.30 at the close. Hindalco Industries Ltd. (NS:) declined 3.83% or 18.40 points to end at 461.50 and Coal India Ltd (NS:) was down 3.10% or 6.95 points to 217.15.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:) which rose 0.22% to 8,404.50, Tata Consultancy Services Ltd. (BO:) which was up 0.10% to settle at 3,314.05 and UltraTech Cement Ltd (BO:) which lost 0.09% to close at 6,990.70.

The worst performers were Tata Steel Ltd (BO:) which was down 2.32% to 115.70 in late trade, Power Grid Corporation of India Ltd (BO:) which lost 2.09% to settle at 211.10 and Wipro Ltd (BO:) which was down 1.83% to 389.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1361 to 553 and 53 ended unchanged; on the Bombay Stock Exchange, 2164 fell and 1201 advanced, while 127 ended unchanged.

The , which measures the implied volatility of Nifty 50 options, was up 5.65% to 15.20.

Gold Futures for February delivery was up 0.99% or 18.20 to $1,864.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 2.26% or 1.74 to hit $75.19 a barrel, while the March Brent oil contract fell 2.30% or 1.89 to trade at $80.21 a barrel.

USD/INR was down 0.01% to 82.76, while EUR/INR rose 0.62% to 87.87.

The US Dollar Index Futures was down 0.52% at 103.76.