India shares lower at close of trade; Nifty 50 down 1.23%

Investing.com – India equities were lower at the close on Tuesday, as losses in the Power, Public Sector Undertakings and Capital Goods sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.23% to hit a new 3-month low, while the BSE Sensex 30 index declined 1.16%.

The biggest gainers of the session on the Nifty 50 were Trent Ltd (NS:TREN), which rose 0.74% or 47.85 points to trade at 6,528.55 at the close. Infosys Ltd (NS:INFY) added 0.47% or 8.70 points to end at 1,868.80 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 0.35% or 6.25 points to 1,800.85 in late trade.

Biggest losers included Britannia Industries Ltd (NS:BRIT), which lost 7.49% or 407.10 points to trade at 5,027.55 in late trade. Bharat Electronics Ltd (NS:BAJE) declined 3.20% or 9.60 points to end at 290.15 and NTPC Ltd (NS:NTPC) shed 3.12% or 12.25 points to 380.30.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 0.28% to 1,800.00, Infosys Ltd (BO:INFY) which was up 0.06% to settle at 1,861.10 and ICICI Bank Ltd (BO:ICBK) which gained 0.04% to close at 1,269.60.

The worst performers were NTPC Ltd (BO:NTPC) which was down 3.06% to 380.45 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 2.79% to settle at 2,471.80 and HDFC Bank Ltd (BO:HDBK) which was down 2.75% to 1,718.00 at the close.

Declining stocks outnumbered rising ones by 1918 to 533 and 160 ended unchanged; on the Bombay Stock Exchange, 2589 fell and 1179 advanced, while 96 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.28% to 14.74.

In commodities trading, Gold Futures for December delivery was down 0.75% or 19.70 to $2,598.00 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.56% or 0.38 to hit $68.42 a barrel, while the January Brent oil contract rose 0.54% or 0.39 to trade at $72.22 a barrel.

USD/INR was down 0.03% to 84.39, while EUR/INR fell 0.44% to 89.57.

The US Dollar Index Futures was up 0.34% at 105.81.