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India shares lower at close of trade; Nifty 50 down 1.71%


India shares lower at close of trade; Nifty 50 down 1.71%

Investing.com – India equities were lower at the close on Friday, as losses in the , and sectors propelled shares lower.

At the close in NSE, the lost 1.71%, while the index fell 1.68%.

The biggest gainers of the session on the were Reliance Industries Ltd (NS:), which rose 4.00% or 54.90 points to trade at 1425.80 at the close. Britannia Industries Ltd (NS:) added 3.51% or 103.60 points to end at 3051.00 and Sun Pharmaceutical Industries Ltd. (NS:) was up 1.69% or 8.05 points to 485.50 in late trade.

Biggest losers included Bajaj Finance Ltd (NS:), which lost 8.70% or 189.05 points to trade at 1983.40 in late trade. Bharti Infratel Ltd (NS:) declined 7.98% or 13.25 points to end at 152.85 and Zee Entertainment Enterprises Ltd. (NS:) shed 7.52% or 11.85 points to 145.70.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:) which rose 3.34% to 1417.35, Sun Pharmaceutical Industries Ltd. (BO:) which was up 1.67% to settle at 485.25 and Hero MotoCorp Ltd (BO:) which gained 1.38% to close at 1890.00.

The worst performers were Bajaj Finance Ltd (BO:) which was down 9.14% to 1976.45 in late trade, IndusInd Bank Ltd. (BO:) which lost 6.58% to settle at 383.10 and AXIS Bank Ltd. (BO:) which was down 5.96% to 404.10 at the close.

Declining stocks outnumbered rising ones by 1094 to 423 and 77 ended unchanged; on the Bombay Stock Exchange, 1502 fell and 744 advanced, while 150 ended unchanged on the India National Stock Exchange.

The , which measures the implied volatility of Nifty 50 options, was down 0.29% to 39.1175 a new 1-month low.

In commodities trading, Gold Futures for June delivery was up 0.73% or 12.70 to $1758.10 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.12% or 0.02 to hit $16.52 a barrel, while the June Brent oil contract rose 1.03% or 0.22 to trade at $21.55 a barrel.

USD/INR was up 0.58% to 76.331, while EUR/INR rose 0.72% to 82.3650.

The US Dollar Index Futures was down 0.01% at 100.520.

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