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India shares lower at close of trade; Nifty 50 down 2.69%

Published 2016-11-11, 05:45 a/m
India shares lower at close of trade; Nifty 50 down 2.69%
HDB
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IBN
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RDY
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NSEI
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NIFVIX
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EICH
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KTKM
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MAHM
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APSE
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SUN
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INUS
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BSESN
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BSEAUTO
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BSECD
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BSEREAL
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Investing.com – India equities were lower at the close on Friday, as losses in the Auto, Consumer Durables and Real Estate sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 2.69% to hit a new 3-month low, while the BSE Sensex 30 index declined 2.54%.

The biggest gainers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 3.69% or 24.55 points to trade at 690.75 at the close. HDFC Bank Ltd . (NS:HDBK) fell 0.04% or 0.55 points to end at 1278.00 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 0.29% or 2.35 points to 816.90 in late trade.

Biggest losers included Bharti Infratel Limited (NS:BHRI), which lost 6.45% or 25.000 points to trade at 362.500 in late trade. Mahindra & Mahindra Ltd. (NS:MAHM) declined 5.92% or 78.20 points to end at 1243.10 and Eicher Motors Ltd. (NS:EICH) shed 5.56% or 1282.30 points to 21783.95.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 3.30% to 688.95, HDFC Bank Ltd. (BO:HDBK) which was down 0.04% to settle at 1275.70 and Dr. Reddy's Laboratories Ltd. (BO:REDY) which lost 0.41% to close at 3260.65.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 6.02% to 1241.85 in late trade, Adani Ports & Special Economic Zone (BO:APSE) which lost 5.86% to settle at 276.50 and ICICI Bank Ltd. (BO:ICBK) which was down 5.32% to 277.00 at the close.

Declining stocks outnumbered rising ones by 1349 to 145 and 33 ended unchanged; on the Bombay Stock Exchange, 2196 fell and 447 advanced, while 144 ended unchanged on the India National Stock Exchange.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 12.34% to 17.3650 a new 1-month high.

In commodities trading, Gold for December delivery was down 0.86% or 10.95 to $1255.45 a troy ounce. Meanwhile, Crude oil for delivery in December fell 1.55% or 0.69 to hit $43.97 a barrel, while the January Brent oil contract fell 1.18% or 0.54 to trade at $45.30 a barrel.

USD/INR was down 0.03% to 67.200, while EUR/INR rose 0.29% to 73.0520.

The US Dollar Index was down 0.04% at 98.75.

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