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

Published 2019-08-05, 06:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 1.23%
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Investing.com – 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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