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India shares lower at close of trade; Nifty 50 down 0.77%

Published 2018-06-28, 06:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.77%
NSEI
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BPCL
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Investing.com – India equities were lower at the close on Thursday, as losses in the Oil & Gas, Consumer Durables and Real Estate sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.77% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.51%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 1.69% or 15.10 points to trade at 907.75 at the close. NTPC Ltd (NS:NTPC) added 1.69% or 2.60 points to end at 156.40 and Infosys Ltd (NS:INFY) was up 1.54% or 19.60 points to 1289.60 in late trade.

Biggest losers included Tech Mahindra Ltd (NS:TEML), which lost 7.00% or 50.00 points to trade at 664.25 in late trade. Hindustan Petroleum Corporation Ltd (NS:HPCL) declined 5.51% or 15.25 points to end at 261.35 and Bharat Petroleum Corp. Ltd. (NS:BPCL) shed 4.14% or 15.85 points to 366.95.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 1.79% to 156.05, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 1.78% to settle at 907.25 and Bharti Airtel Ltd (BO:BRTI) which gained 1.64% to close at 380.90.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 2.78% to 271.15 in late trade, Tata Motors Ltd (BO:TAMO) which lost 2.69% to settle at 263.90 and Tata Motors Ltd DVR (BO:TAMdv) which was down 2.59% to 157.65 at the close.

Declining stocks outnumbered rising ones by 1205 to 388 and 44 ended unchanged; on the Bombay Stock Exchange, 1753 fell and 773 advanced, while 139 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.24% to 13.9475 a new 1-month high.

In commodities trading, Gold Futures for August delivery was down 0.21% or 2.60 to $1253.50 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.07% or 0.05 to hit $72.81 a barrel, while the September Brent oil contract rose 0.49% or 0.38 to trade at $77.84 a barrel.

USD/INR was down 0.25% to 68.765, while EUR/INR rose 0.47% to 79.6796.

The US Dollar Index Futures was down 0.18% at 94.85.

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