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India shares lower at close of trade; Nifty 50 down 0.13%

Published 2019-07-23, 06:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.13%
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Investing.com – India equities were lower at the close on Tuesday, as losses in the Public Sector Undertakings, Auto and Healthcare sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.13% to hit a new 1-month low, while the BSE Sensex 30 index lost 0.13%.

The biggest gainers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 2.89% or 5.90 points to trade at 210.45 at the close. Hero MotoCorp Ltd (NS:HROM) added 2.55% or 61.30 points to end at 2469.30 and Kotak Mahindra Bank Ltd. (NS:KTKM) was up 2.74% or 39.85 points to 1494.00 in late trade.

Biggest losers included State Bank Of India (NS:SBI), which lost 2.49% or 8.75 points to trade at 342.20 in late trade. Indiabulls Housing Finance Ltd (NS:INBF) declined 2.20% or 14.40 points to end at 640.55 and Housing Development Finance Corporation Ltd (NS:HDFC) shed 2.14% or 46.90 points to 2138.50.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.94% to 210.00, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 2.76% to settle at 1493.70 and Hero MotoCorp Ltd (BO:HROM) which gained 2.50% to close at 2465.00.

The worst performers were State Bank Of India (BO:SBI) which was down 2.49% to 342.05 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 2.24% to settle at 2137.65 and Bajaj Auto Ltd (BO:BAJA) which was down 1.57% to 2521.35 at the close.

Advancing stocks outnumbered falling ones by 803 to 766 and 73 ended unchanged; on the Bombay Stock Exchange, 1216 fell and 1149 advanced, while 162 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.21% to 13.4275.

In commodities trading, Gold Futures for August delivery was down 0.47% or 6.75 to $1420.15 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.36% or 0.20 to hit $56.02 a barrel, while the September Brent oil contract fell 0.44% or 0.28 to trade at $62.98 a barrel.

USD/INR was up 0.01% to 68.925, while EUR/INR fell 0.24% to 77.0620.

The US Dollar Index Futures was up 0.27% at 97.200.

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