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India shares lower at close of trade; Nifty 50 down 0.88%

Published 2018-02-16, 05:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.88%
NSEI
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NIFVIX
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ABUJ
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CIPL
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REDY
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EICH
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ICBK
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INFY
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KTKM
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SBI
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TEML
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YESB
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BSESN
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BSEAUTO
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BSEMET
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BSEPSU
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SMMN
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Investing.com – India equities were lower at the close on Friday, as losses in the Auto, Metals and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.88% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.84%.

The biggest gainers of the session on the Nifty 50 were Ambuja Cements Ltd. (NS:ABUJ), which rose 1.22% or 3.10 points to trade at 257.05 at the close. Infosys Ltd (NS:INFY) added 0.92% or 10.20 points to end at 1128.05 and Cipla Ltd. (NS:CIPL) was up 0.59% or 3.55 points to 611.10 in late trade.

Biggest losers included Eicher Motors Ltd. (NS:EICH), which lost 3.31% or 939.45 points to trade at 27328.15 in late trade. Tech Mahindra Ltd (NS:TEML) declined 3.26% or 19.75 points to end at 584.35 and Indiabulls Housing Finance Ltd (NS:INBF) shed 3.30% or 43.30 points to 1272.35.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO:KTKM) which rose 1.14% to 1052.80, Infosys Ltd (BO:INFY) which was up 0.96% to settle at 1124.85 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 0.83% to close at 2212.75.

The worst performers were State Bank Of India (BO:SBI) which was down 2.55% to 271.75 in late trade, Yes Bank Ltd (BO:YESB) which lost 2.52% to settle at 311.90 and ICICI Bank Ltd (BO:ICBK) which was down 2.31% to 321.00 at the close.

Declining stocks outnumbered rising ones by 1300 to 299 and 24 ended unchanged; on the Bombay Stock Exchange, 2038 fell and 688 advanced, while 108 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.38% to 16.3775.

In commodities trading, Gold Futures for April delivery was up 0.51% or 6.90 to $1362.20 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.39% or 0.24 to hit $61.58 a barrel, while the April Brent oil contract rose 0.50% or 0.32 to trade at $64.65 a barrel.

USD/INR was up 0.49% to 64.205, while EUR/INR rose 0.39% to 80.2150.

The US Dollar Index Futures was up 0.02% at 88.49.

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