India shares lower at close of trade; Nifty 50 down 1.23%

  • Stock Market News
India shares lower at close of trade; Nifty 50 down 1.23%
Credit: © Reuters. – India equities were lower at the close on Monday, as losses in the Power , Consumer Durables and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.23% to hit a new 3-month low, while the BSE Sensex 30 index lost 1.13%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS: BRTI ), which rose 4.53% or 15.55 points to trade at 357.70 at the close. Tata Consultancy Services Ltd. (NS: TCS ) added 1.57% or 34.70 points to end at 2248.60 and Tech Mahindra Ltd (NS: TEML ) was up 2.15% or 13.70 points to 648.05 in late trade.

Biggest losers included Yes Bank Ltd (NS: YESB ), which lost 8.21% or 7.25 points to trade at 81.10 in late trade. UPL Ltd (NS: UPLL ) declined 5.86% or 33.60 points to end at 540.95 and Tata Motors Ltd (NS: TAMO ) shed 5.13% or 6.70 points to 123.75.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO: BRTI ) which rose 3.96% to 357.05, Tech Mahindra Ltd (BO: TEML ) which was up 2.15% to settle at 650.00 and Tata Consultancy Services Ltd. (BO: TCS ) which gained 1.93% to close at 2248.55.

The worst performers were Yes Bank Ltd (BO: YESB ) which was down 8.15% to 81.10 in late trade, Tata Motors Ltd DVR (BO: TAMdv ) which lost 5.62% to settle at 58.80 and Tata Motors Ltd (BO: TAMO ) which was down 5.25% to 123.75 at the close.

Declining stocks outnumbered rising ones by 1204 to 382 and 57 ended unchanged; on the Bombay Stock Exchange, 1624 fell and 703 advanced, while 131 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 9.20% to 16.5850 a new 1-month high.

In commodities trading, Gold Futures for December delivery was up 1.08% or 15.75 to $1473.25 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.93% or 0.52 to hit $55.14 a barrel, while the October Brent oil contract fell 1.05% or 0.65 to trade at $61.24 a barrel.

USD/INR was up 1.21% to 70.530, while EUR/INR rose 1.72% to 78.7330.

The US Dollar Index Futures was down 0.36% at 97.502.

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