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India stocks lower at close of trade; Nifty 50 down 1.36%

Published 2016-02-08, 05:45 a/m
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.36%

Investing.com – India stocks were lower after the close on Monday, as losses in the IT, Technology and Oil & Gas sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.36%, while the BSE Sensex 30 index declined 1.34%.

The best performers of the session on the Nifty 50 were Bank Of Baroda (NS:BOB), which rose 2.91% or 3.70 points to trade at 130.65 at the close. Meanwhile, State Bank Of India (NS:SBI) added 2.35% or 3.95 points to end at 172.15 and AXIS Bank Ltd. (NS:AXBK) was up 2.25% or 9.00 points to 408.55 in late trade.

The worst performers of the session were Tata Motors Ltd . (NS:TAMO), which fell 4.03% or 13.60 points to trade at 323.50 at the close. IndusInd Bank Ltd. (NS:INBK) declined 3.17% or 28.90 points to end at 882.95 and Vedanta Ltd (NS:VDAN) was down 2.98% or 2.20 points to 71.70.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 2.38% to 408.40, State Bank Of India (BO:SBI) which was up 2.29% to settle at 172.05 and Bharti Airtel Ltd (BO:BRTI) which gained 1.27% to close at 311.00.

The worst performers were Tata Motors Ltd. (BO:TAMO) which was down 3.94% to 323.95 in late trade, Vedanta Ltd (BO:VDAN) which lost 2.91% to settle at 71.70 and ITC Ltd (BO:ITC) which was down 2.72% to 315.10 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 764 to 646 and 52 ended unchanged; on the Bombay Stock Exchange, 435 fell and 370 advanced, while 26 ended unchanged.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 11.83% to 20.2575.

Gold for April delivery was up 1.51% or 17.50 to $1175.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.67% or 0.52 to hit $30.38 a barrel, while the April Brent oil contract fell 1.72% or 0.58 to trade at $33.48 a barrel.

USD/INR was up 0.07% to 67.927, while EUR/INR rose 0.31% to 75.8950.

The US Dollar Index was down 0.09% at 96.89.

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