India stocks lower at close of trade; Nifty 50 down 0.62% 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 0.62%, while the index lost 0.56%.

The best performers of the session on the were NTPC Ltd (NS:), which rose 3.88% or 5.70 points to trade at 152.60 at the close. Meanwhile, HDFC Life Insurance Company Ltd (NS:) added 2.93% or 16.20 points to end at 569.10 and SBI Life Insurance Company Ltd (NS:) was up 2.11% or 22.60 points to 1,096.00 in late trade.

The worst performers of the session were Asian Paints Ltd. (NS:), which fell 8.06% or 248.80 points to trade at 2,838.05 at the close. Adani Ports and Special Economic Zone Ltd (NS:) declined 5.88% or 44.25 points to end at 707.90 and UPL Ltd (NS:) was down 3.98% or 31.55 points to 761.00.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:) which rose 3.84% to 152.65, Kotak Mahindra Bank Ltd. (BO:) which was up 1.42% to settle at 1,907.50 and Bharti Airtel Ltd (BO:) which gained 1.41% to close at 688.35.

The worst performers were Asian Paints Ltd. (BO:) which was down 8.04% to 2,838.40 in late trade, Tata Consultancy Services Ltd. (BO:) which lost 3.69% to settle at 3,166.60 and Tech Mahindra Ltd (BO:) which was down 3.53% to 1,059.25 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1611 to 243 and 28 ended unchanged; on the Bombay Stock Exchange, 2532 fell and 684 advanced, while 114 ended unchanged.

The , which measures the implied volatility of Nifty 50 options, was down 1.38% to 25.28.

Gold Futures for June delivery was down 0.69% or 12.90 to $1,852.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.32% or 1.45 to hit $111.22 a barrel, while the August Brent oil contract rose 1.14% or 1.26 to trade at $111.95 a barrel.

USD/INR was up 0.12% to 77.57, while EUR/INR fell 0.51% to 82.72.

The US Dollar Index Futures was up 0.45% at 102.32.