India stocks lower at close of trade; Nifty 50 down 0.83% 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 0.83%, while the index lost 0.94%.

The best performers of the session on the were Coal India Ltd (NS:), which rose 3.17% or 5.95 points to trade at 193.85 at the close. Meanwhile, Indian Oil Corporation Ltd (NS:) added 2.77% or 3.40 points to end at 126.05 and NTPC Ltd (NS:) was up 2.62% or 3.90 points to 153.00 in late trade.

The worst performers of the session were HDFC Bank Ltd (NS:), which fell 3.57% or 57.40 points to trade at 1,550.85 at the close. Housing Development Finance Corporation Ltd (NS:) declined 3.34% or 87.65 points to end at 2,536.05 and HDFC Life Insurance Company Ltd (NS:) was down 2.40% or 13.65 points to 556.00.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:) which rose 2.61% to 153.05, Tata Steel Ltd (BO:) which was up 1.94% to settle at 1,371.00 and Power Grid Corporation of India Ltd (BO:) which gained 1.52% to close at 236.60.

The worst performers were HDFC Bank Ltd (BO:) which was down 3.51% to 1,550.80 in late trade, Housing Development Finance Corporation Ltd (BO:) which lost 3.26% to settle at 2,536.50 and HCL Technologies Ltd (BO:) which was down 2.07% to 1,170.80 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1171 to 658 and 33 ended unchanged; on the Bombay Stock Exchange, 2126 rose and 1175 declined, while 93 ended unchanged.

Shares in NTPC Ltd (NS:) rose to 3-years highs; gaining 2.62% or 3.90 to 153.00. Shares in NTPC Ltd (BO:) rose to 3-years highs; gaining 2.61% or 3.90 to 153.05. Shares in Power Grid Corporation of India Ltd (BO:) rose to all time highs; rising 1.52% or 3.55 to 236.60.

The , which measures the implied volatility of Nifty 50 options, was up 2.89% to 19.02.

Gold Futures for June delivery was down 0.08% or 1.60 to $1,925.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.40% or 1.43 to hit $103.39 a barrel, while the June Brent oil contract rose 1.17% or 1.25 to trade at $107.89 a barrel.

USD/INR was up 0.45% to 75.76, while EUR/INR rose 0.47% to 82.65.

The US Dollar Index Futures was up 0.10% at 99.53.