India shares lower at close of trade; Nifty 50 down 1.64%

  • Investing.com
  • Stock Market News
India shares lower at close of trade; Nifty 50 down 1.64%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Monday, as losses in the Banking , Carbon and Oil & Gas sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.64%, while the BSE Sensex 30 index lost 1.77%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd (NS: TAMO ), which rose 6.74% or 7.05 points to trade at 111.70 at the close. Titan Company Ltd (NS: TITN ) added 3.26% or 34.00 points to end at 1077.25 and Tata Steel Ltd (NS: TISC ) was up 1.54% or 5.65 points to 371.95 in late trade.

Biggest losers included UPL Ltd (NS: UPLL ), which lost 5.36% or 25.65 points to trade at 452.50 in late trade. IndusInd Bank Ltd. (NS: INBK ) declined 3.74% or 19.60 points to end at 504.15 and Kotak Mahindra Bank Ltd. (NS: KTKM ) shed 3.57% or 48.75 points to 1317.00.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO: TITN ) which rose 3.19% to 1076.55, Tata Steel Ltd (BO: TISC ) which was up 1.87% to settle at 373.25 and HCL Technologies Ltd (BO: HCLT ) which gained 0.43% to close at 708.50.

The worst performers were Kotak Mahindra Bank Ltd. (BO: KTKM ) which was down 4.41% to 1307.20 in late trade, IndusInd Bank Ltd. (BO: INBK ) which lost 3.67% to settle at 504.40 and AXIS Bank Ltd. (BO: AXBK ) which was down 3.30% to 417.35 at the close.

Advancing stocks outnumbered falling ones by 872 to 728 and 83 ended unchanged; on the Bombay Stock Exchange, 1346 rose and 1157 declined, while 160 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 4.10% to 25.1850.

In commodities trading, Gold Futures for October delivery was down 0.01% or 0.10 to $1973.80 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.77% or 0.31 to hit $39.96 a barrel, while the October Brent oil contract fell 0.51% or 0.22 to trade at $43.30 a barrel.

USD/INR was up 0.47% to 75.267, while EUR/INR fell 0.01% to 88.2545.

The US Dollar Index Futures was up 0.47% at 93.763.

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