India stocks lower at close of trade; Nifty 50 down 0.47%

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 0.47% to hit a new 1-month low, while the index fell 0.44%.

The best performers of the session on the were Adani Enterprises Ltd (NS:), which rose 3.23% or 77.05 points to trade at 2,464.30 at the close. Meanwhile, Nestle India Ltd (NS:) added 3.03% or 676.75 points to end at 22,992.00 and Eicher Motors Ltd. (NS:) was up 1.65% or 55.35 points to 3,406.75 in late trade.

The worst performers of the session were Axis Bank Ltd (NS:), which fell 4.82% or 50.20 points to trade at 990.85 at the close. State Bank Of India (NS:) declined 2.94% or 17.75 points to end at 585.20 and NTPC Ltd (NS:) was down 2.38% or 5.75 points to 235.45.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:) which rose 2.91% to 22,988.65, HDFC Bank Ltd (BO:) which was up 1.52% to settle at 1,530.80 and Hindustan Unilever Ltd. (BO:) which gained 1.51% to close at 2,507.45.

The worst performers were Axis Bank Ltd. (BO:) which was down 4.38% to 994.40 in late trade, State Bank Of India (BO:) which lost 2.82% to settle at 585.95 and NTPC Ltd (BO:) which was down 2.55% to 235.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1461 to 572 and 58 ended unchanged; on the Bombay Stock Exchange, 2281 fell and 1267 advanced, while 112 ended unchanged.

The , which measures the implied volatility of Nifty 50 options, was down 1.12% to 11.65.

Gold Futures for December delivery was down 0.22% or 4.05 to $1,837.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.78% or 1.59 to hit $87.64 a barrel, while the December Brent oil contract fell 1.75% or 1.59 to trade at $89.33 a barrel.

USD/INR was up 0.02% to 83.24, while EUR/INR rose 0.37% to 87.45.

The US Dollar Index Futures was down 0.19% at 106.52.