India stocks were lower after the close on Wednesday, as losses in the Power, Public Sector Undertakings and Metals sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.41%, while the BSE Sensex 30 index fell 1.30%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 1.45% or 2.90 points to trade at 203.20 at the close. Meanwhile, Tata Consumer Products Ltd (NS:TACN) added 1.05% or 10.15 points to end at 976.30 and Britannia Industries Ltd (NS:BRIT) was up 0.89% or 43.70 points to 4,954.95 in late trade.

The worst performers of the session were Adani Ports and Special Economic Zone Ltd (NS:APSE), which fell 5.76% or 61.85 points to trade at 1,012.15 at the close. Adani Enterprises Ltd (NS:ADEL) declined 5.35% or 157.40 points to end at 2,783.85 and UPL Ltd (NS:UPLL) was down 4.44% or 26.60 points to 572.15.

The top performers on the BSE Sensex 30 were HDFC Bank Ltd (BO:HDBK) which rose 0.19% to 1,656.20, Hindustan Unilever Ltd. (BO:HLL) which was down 0.18% to settle at 2,556.80 and Axis Bank Ltd. (BO:AXBK) which lost 0.80% to close at 1,110.30.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 4.21% to 129.70 in late trade, NTPC Ltd (BO:NTPC) which lost 3.79% to settle at 298.05 and HCL Technologies Ltd (BO:HCLT) which was down 3.24% to 1,439.90 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1926 to 194 and 29 ended unchanged; on the Bombay Stock Exchange, 3059 fell and 642 advanced, while 81 ended unchanged.

Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to 5-year highs; up 1.45% or 2.90 to 203.20. Shares in Tata Consumer Products Ltd (NS:TACN) rose to all time highs; gaining 1.05% or 10.15 to 976.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.20% to 14.45 a new 6-months high.

Gold Futures for February delivery was down 0.13% or 2.65 to $2,049.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.39% or 1.03 to hit $74.97 a barrel, while the February Brent oil contract rose 1.24% or 0.98 to trade at $80.21 a barrel.

USD/INR was up 0.04% to 83.18, while EUR/INR fell 0.16% to 91.10.

The US Dollar Index Futures was up 0.14% at 101.94.