India stocks lower at close of trade; Nifty 50 down 0.45% By Investing.com

Investing.com – India stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in NSE, the lost 0.45% to hit a new 1-month low, while the index fell 0.51%.

The best performers of the session on the were Oil And Natural Gas Corporation Ltd (NS:), which rose 2.69% or 4.15 points to trade at 158.60 at the close. Meanwhile, AXIS Bank Ltd (NS:) added 1.91% or 12.60 points to end at 672.35 and IndusInd Bank Ltd. (NS:) was up 1.38% or 12.60 points to 923.35 in late trade.

The worst performers of the session were Shree Cements Ltd. (NS:), which fell 3.30% or 801.60 points to trade at 23,499.00 at the close. Larsen & Toubro Ltd (NS:) declined 2.31% or 37.15 points to end at 1,570.80 and Bajaj Finserv Ltd (NS:) was down 2.20% or 300.30 points to 13,329.80.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:) which rose 1.92% to 672.45, IndusInd Bank Ltd. (BO:) which was up 1.37% to settle at 923.20 and Housing Development Finance Corporation Ltd (BO:) which gained 0.92% to close at 2,220.75.

The worst performers were Larsen & Toubro Ltd (BO:) which was down 2.34% to 1,571.45 in late trade, Bajaj Finserv Ltd (BO:) which lost 2.26% to settle at 13,318.70 and Bajaj Finance Ltd (BO:) which was down 2.08% to 5,806.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1494 to 347 and 24 ended unchanged; on the Bombay Stock Exchange, 2521 fell and 762 advanced, while 115 ended unchanged.

The , which measures the implied volatility of Nifty 50 options, was up 2.24% to 22.80 a new 1-month high.

Gold Futures for June delivery was up 0.67% or 12.32 to $1,853.32 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 3.53% or 3.52 to hit $103.28 a barrel, while the July Brent oil contract rose 3.32% or 3.40 to trade at $105.86 a barrel.

USD/INR was up 0.01% to 77.27, while EUR/INR rose 0.34% to 81.54.

The US Dollar Index Futures was down 0.32% at 103.61.