India stocks lower at close of trade; Nifty 50 down 0.15%

14/03/2018 10:45:00 Stock Market

India stocks were lower after the close on Wednesday, as losses in the Oil&Gas, Real Estate and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.15%, while the BSE Sensex 30 index fell 0.06%.

The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 3.37% or 20.85 points to trade at 639.10 at the close. Meanwhile, Ambuja Cements Ltd. (NS:ABUJ) added 2.58% or 6.15 points to end at 243.90 and Yes Bank Ltd (NS:YESB) was up 1.66% or 5.20 points to 318.85 in late trade.

The worst performers of the session were Indian Oil Corporation Ltd (NS:IOC), which fell 3.25% or 13.25 points to trade at 395.05 at the close. Bharti Infratel Ltd (NS:BHRI) declined 3.08% or 10.75 points to end at 339.15 and Hindustan Petroleum Corporation Ltd (NS:HPCL) was down 2.02% or 7.75 points to 375.40.

The top performers on the BSE Sensex 30 were Yes Bank Ltd (BO:YESB) which rose 1.85% to 318.90, Maruti Suzuki India Ltd. (BO:MRTI) which was up 0.99% to settle at 8839.85 and AXIS Bank Ltd. (BO:AXBK) which gained 0.95% to close at 535.85.

The worst performers were Hero MotoCorp Ltd (BO:HROM) which was down 1.78% to 3635.45 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 1.53% to settle at 180.60 and Tata Steel Ltd (BO:TISC) which was down 1.25% to 620.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 805 to 775 and 57 ended unchanged; on the Bombay Stock Exchange, 1327 fell and 1280 advanced, while 148 ended unchanged.

Shares in Tech Mahindra Ltd (NS:TEML) rose to 52-week highs; up 3.37% or 20.85 to 639.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.69% to 14.3625.

Gold Futures for April delivery was down 0.14% or 1.90 to $1325.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.63% or 0.38 to hit $61.09 a barrel, while the May Brent oil contract rose 0.59% or 0.38 to trade at $65.02 a barrel.

USD/INR was up 0.03% to 64.855, while EUR/INR fell 0.18% to 80.2073.

The US Dollar Index Futures was up 0.10% at 89.79.