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India shares lower at close of trade; Nifty 50 down 1.77%

Published 2021-04-19, 06:45 a/m
© Reuters.  India shares lower at close of trade; Nifty 50 down 1.77%
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Investing.com – India equities were lower at the close on Monday, as losses in the Real Estate, Capital Goods and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.77%, while the BSE Sensex 30 index lost 1.81%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 2.28% or 111.45 points to trade at 5004.70 at the close. Cipla Ltd. (NS:CIPL) added 1.27% or 11.95 points to end at 950.00 and Britannia Industries Ltd (NS:BRIT) was up 0.91% or 33.50 points to 3730.00 in late trade.

Biggest losers included Adani Port and Special Economic Zone Ltd (NS:APSE), which lost 4.83% or 36.50 points to trade at 719.00 in late trade. Power Grid Corporation of India Ltd (NS:PGRD) declined 4.12% or 8.65 points to end at 201.20 and Oil And Natural Gas Corporation Ltd (NS:ONGC) shed 3.91% or 4.20 points to 103.10.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 1.58% to 4970.55, Infosys Ltd (BO:INFY) which was up 0.74% to settle at 1362.60 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 0.89% to close at 640.30.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 4.17% to 201.15 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 3.91% to settle at 103.10 and IndusInd Bank Ltd. (BO:INBK) which was down 3.89% to 831.70 at the close.

Declining stocks outnumbered rising ones by 1415 to 287 and 52 ended unchanged; on the Bombay Stock Exchange, 2125 fell and 734 advanced, while 189 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 10.21% to 22.4850.

In commodities trading, Gold Futures for June delivery was up 0.42% or 7.45 to $1787.65 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.32% or 0.20 to hit $62.99 a barrel, while the June Brent oil contract fell 0.31% or 0.21 to trade at $66.56 a barrel.

USD/INR was up 0.47% to 74.880, while EUR/INR rose 0.98% to 90.1560.

The US Dollar Index Futures was down 0.49% at 91.100.

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