India shares lower at close of trade; Nifty 50 down 2.66% By Investing.com

India shares lower at close of trade; Nifty 50 down 2.66%

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Investing.com – India equities were lower at the close on Monday, as losses in the Real Estate, Metals and Consumer Durables sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 2.66%, while the BSE Sensex 30 index fell 2.62%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL), which rose 2.84% or 24.65 points to trade at 892.10 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) added 0.82% or 1.35 points to end at 165.00 and IndusInd Bank Ltd. (NS:INBK) was down 0.33% or 2.85 points to 851.25 in late trade.

Biggest losers included JSW Steel Ltd (NS:JSTL), which lost 6.67% or 44.45 points to trade at 621.80 in late trade. Tata Steel Ltd (NS:TISC) declined 6.03% or 70.50 points to end at 1099.20 and Bajaj Finance Ltd (NS:BJFN) shed 5.99% or 442.00 points to 6931.75.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which fell 0.48% to 849.85, Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.49% to settle at 213.90 and Bharti Airtel Ltd (BO:BRTI) which lost 0.78% to close at 689.60.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 5.98% to 1099.15 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 5.97% to settle at 6932.75 and Wipro Ltd (BO:WIPR) which was down 5.35% to 572.85 at the close.

Declining stocks outnumbered rising ones by 1750 to 121 and 18 ended unchanged; on the Bombay Stock Exchange, 2983 fell and 503 advanced, while 121 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 20.85% to 22.8250 a new 6-month high.

In commodities trading, Gold Futures for February delivery was up 0.35% or 6.40 to $1838.20 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.23% or 0.20 to hit $84.94 a barrel, while the April Brent oil contract fell 0.11% or 0.10 to trade at $86.98 a barrel.

USD/INR was up 0.26% to 74.613, while EUR/INR fell 0.01% to 84.3450.

The US Dollar Index Futures was up 0.35% at 95.968.

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