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India shares lower at close of trade; Nifty 50 down 1.16%

Published 2019-05-13, 06:45 a/m
Updated 2019-05-13, 06:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 1.16%

© Reuters. India shares lower at close of trade; Nifty 50 down 1.16%

Investing.com – India equities were lower at the close on Monday, as losses in the Healthcare, Capital Goods and Power sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 1.16% to hit a new 1-month low, while the BSE Sensex 30 index lost 0.99%.

The biggest gainers of the session on the Nifty 50 were Bharti Infratel Ltd (NS:BHRI), which rose 1.24% or 3.25 points to trade at 265.45 at the close. Titan Company Ltd (NS:TITN) added 1.49% or 16.90 points to end at 1144.70 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 1.31% or 25.30 points to 1952.90 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd. (NS:SUN), which lost 5.43% or 23.75 points to trade at 398.10 in late trade. Eicher Motors Ltd. (NS:EICH) declined 8.13% or 1654.00 points to end at 18751.75 and Zee Entertainment Enterprises Ltd. (NS:ZEE) shed 6.64% or 24.65 points to 342.05.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO:HDFC) which rose 1.06% to 1951.70, Hindustan Unilever Ltd. (BO:HLL) which was up 0.87% to settle at 1701.75 and Infosys Ltd (BO:INFY) which gained 0.56% to close at 720.05.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 9.39% to 396.85 in late trade, Yes Bank Ltd (BO:YESB) which lost 5.58% to settle at 154.85 and Tata Motors Ltd DVR (BO:TAMdv) which was down 4.48% to 85.35 at the close.

Declining stocks outnumbered rising ones by 1330 to 269 and 49 ended unchanged; on the Bombay Stock Exchange, 1796 fell and 605 advanced, while 152 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.98% to 27.3825 a new 3-year high.

In commodities trading, Gold Futures for June delivery was down 0.24% or 3.15 to $1284.25 a troy ounce. Meanwhile, Crude oil for delivery in June rose 1.36% or 0.84 to hit $62.50 a barrel, while the July Brent oil contract rose 1.56% or 1.10 to trade at $71.72 a barrel.

USD/INR was up 0.70% to 70.422, while EUR/INR rose 0.58% to 79.1335.

The US Dollar Index Futures was down 0.06% at 97.065.

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