India stocks lower at close of trade; Nifty 50 down 0.42%

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 0.42% to hit a new 3-months low, while the index declined 0.59%.

The best performers of the session on the were Adani Enterprises Ltd (NS:), which rose 5.80% or 100.80 points to trade at 1,839.00 at the close. Meanwhile, Adani Ports and Special Economic Zone Ltd (NS:) added 3.80% or 24.85 points to end at 679.35 and Asian Paints Ltd. (NS:) was up 2.98% or 81.80 points to 2,827.40 in late trade.

The worst performers of the session were Bharti Airtel Ltd. (NS:), which fell 1.96% or 15.15 points to trade at 756.65 at the close. IndusInd Bank Ltd. (NS:) declined 1.85% or 19.65 points to end at 1,044.35 and Reliance Industries Ltd (NS:) was down 1.71% or 38.90 points to 2,237.05.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:) which rose 3.03% to 2,829.40, Tata Steel Ltd (BO:) which was up 2.07% to settle at 108.65 and Titan Company Ltd (BO:) which gained 1.76% to close at 2,398.05.

The worst performers were Bharti Airtel Ltd (BO:) which was down 2.00% to 756.40 in late trade, IndusInd Bank Ltd. (BO:) which lost 1.85% to settle at 1,044.25 and Reliance Industries Ltd (BO:) which was down 1.74% to 2,236.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1068 to 835 and 63 ended unchanged; on the Bombay Stock Exchange, 1900 fell and 1497 advanced, while 123 ended unchanged.

Shares in Reliance Industries Ltd (NS:) fell to 52-week lows; falling 1.71% or 38.90 to 2,237.05. Shares in Reliance Industries Ltd (BO:) fell to 52-week lows; falling 1.74% or 39.65 to 2,236.85.

The , which measures the implied volatility of Nifty 50 options, was up 0.48% to 16.30 a new 1-month high.

Gold Futures for April delivery was up 0.13% or 2.55 to $1,913.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.25% or 0.18 to hit $71.15 a barrel, while the May Brent oil contract fell 0.22% or 0.17 to trade at $77.28 a barrel.

USD/INR was up 0.53% to 82.73, while EUR/INR fell 0.29% to 88.01.

The US Dollar Index Futures was up 0.66% at 103.90.