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India shares lower at close of trade; Nifty 50 down 0.08%

Published 2017-01-13, 05:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 0.08%
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Investing.com – India equities were lower at the close on Friday, as losses in the IT, Technology and Auto sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.08%, while the BSE Sensex 30 index declined 0.03%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd. (NS:AXBK), which rose 3.69% or 16.80 points to trade at 472.00 at the close. ITC Ltd (NS:ITC) added 2.23% or 5.45 points to end at 250.10 and Housing Development Finance Corp. (NS:HDFC) was up 2.04% or 24.90 points to 1246.00 in late trade.

Biggest losers included Idea Cellular Ltd (NS:IDEA), which lost 4.57% or 3.30 points to trade at 68.85 in late trade. Tata Consultancy Services Ltd. (NS:TCS) declined 4.02% or 94.35 points to end at 2250.00 and Hindalco Industries Ltd. (NS:HALC) shed 2.77% or 4.90 points to 172.10.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 3.90% to 472.95, Gail (India) Ltd. (BO:GAIL) which was up 2.30% to settle at 452.15 and ITC Ltd (BO:ITC) which gained 2.13% to close at 249.50.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 3.90% to 2252.00 in late trade, Infosys Ltd (BO:INFY) which lost 2.49% to settle at 975.15 and NTPC Limited (BO:NTPC) which was down 1.55% to 171.05 at the close.

Declining stocks outnumbered rising ones by 874 to 607 and 68 ended unchanged; on the Bombay Stock Exchange, 1459 fell and 1211 advanced, while 168 ended unchanged on the India National Stock Exchange.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 1.57% to 14.3825 a new 1-month low.

In commodities trading, Gold for February delivery was down 0.19% or 2.25 to $1197.55 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.06% or 0.56 to hit $52.45 a barrel, while the March Brent oil contract fell 1.00% or 0.56 to trade at $55.45 a barrel.

USD/INR was up 0.09% to 68.201, while EUR/INR rose 0.40% to 72.5932.

The US Dollar Index was down 0.27% at 101.19.

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