India stocks lower at close of trade; Nifty 50 down 1.51%

India stocks were lower after the close on Wednesday, as losses in the Real Estate, Banking and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.51%, while the BSE Sensex 30 index lost 1.56%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 5.91% or 4.50 points to trade at 80.60 at the close. Meanwhile, GAIL Ltd (NS:GAIL) added 1.65% or 1.65 points to end at 101.95 and Adani Port and Special Economic Zone Ltd (NS:APSE) was up 1.44% or 5.65 points to 397.90 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 3.72% or 100.30 points to trade at 2593.00 at the close. AXIS Bank Ltd (NS:AXBK) declined 3.44% or 21.30 points to end at 598.35 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 2.97% or 57.20 points to 1867.70.

The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 6.11% to 80.70, Power Grid Corporation of India Ltd (BO:PGRD) which was up 0.33% to settle at 195.30 and IndusInd Bank Ltd. (BO:INBK) which gained 0.10% to close at 854.50.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 3.48% to 598.00 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 2.94% to settle at 1867.80 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.61% to 506.35 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1055 to 561 and 92 ended unchanged; on the Bombay Stock Exchange, 1600 fell and 1088 advanced, while 172 ended unchanged.

Shares in Adani Port and Special Economic Zone Ltd (NS:APSE) rose to 52-week highs; gaining 1.44% or 5.65 to 397.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.83% to 23.1275.

Gold Futures for December delivery was up 0.14% or 2.45 to $1807.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.31% or 0.59 to hit $45.50 a barrel, while the February Brent oil contract rose 1.44% or 0.69 to trade at $48.47 a barrel.

USD/INR was down 0.22% to 73.915, while EUR/INR fell 0.18% to 87.9180.

The US Dollar Index Futures was down 0.06% at 92.168.