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India stocks lower at close of trade; Nifty 50 down 0.43%

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India stocks were lower after the close on Tuesday, as losses in the Oil & Gas, Real Estate and Power sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.43%, while the BSE Sensex 30 index lost 0.54%.

The best performers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS:HDFL), which rose 5.18% or 34.85 points to trade at 707.35 at the close. Meanwhile, UltraTech Cement Ltd (NS:ULTC) added 2.11% or 203.80 points to end at 9,874.70 and Bajaj Auto Ltd (NS:BAJA) was up 1.72% or 105.60 points to 6,244.00 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 3.86% or 17.95 points to trade at 447.55 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 2.10% or 116.45 points to end at 5,430.90 and Maruti Suzuki India Ltd. (NS:MRTI) was down 1.93% or 203.35 points to 10,338.40.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 1.87% to 9,866.10, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 1.23% to settle at 5,540.35 and Axis Bank Ltd. (BO:AXBK) which gained 1.18% to close at 1,130.00.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 1.77% to 1,219.35 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 1.75% to settle at 10,353.60 and IndusInd Bank Ltd. (BO:INBK) which was down 1.71% to 1,495.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1253 to 839 and 48 ended unchanged; on the Bombay Stock Exchange, 1931 fell and 1724 advanced, while 114 ended unchanged.

Shares in HDFC Life Insurance Company Ltd (NS:HDFL) rose to 52-week highs; gaining 5.18% or 34.85 to 707.35. Shares in UltraTech Cement Ltd (NS:ULTC) rose to all time highs; rising 2.11% or 203.80 to 9,874.70. Shares in Bajaj Auto Ltd (NS:BAJA) rose to all time highs; up 1.72% or 105.60 to 6,244.00. Shares in UltraTech Cement Ltd (BO:ULTC) rose to all time highs; gaining 1.87% or 181.10 to 9,866.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.35% to 12.71.

Gold Futures for February delivery was up 0.41% or 8.20 to $2,001.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.29% or 0.21 to hit $71.53 a barrel, while the February Brent oil contract rose 0.20% or 0.15 to trade at $76.18 a barrel.

USD/INR was up 0.03% to 83.38, while EUR/INR rose 0.40% to 90.07.

The US Dollar Index Futures was down 0.33% at 103.36.

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