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India shares lower at close of trade; Nifty 50 down 0.56%

Published 2016-05-02, 06:45 a/m
India shares lower at close of trade; Nifty 50 down 0.56%
IBN
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RDY
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NSEI
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NIFVIX
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BRTI
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BHEL
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CAIL
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HALC
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PNBK
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VDAN
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BSESN
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BSESITIP
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BSETECK
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BSEBANK
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Investing.com – India equities were lower at the close on Monday, as losses in the Banking, Technology and IT sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.56%, while the BSE Sensex 30 index declined 0.66%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd (NS:VDAN), which rose 6.65% or 6.90 points to trade at 110.70 at the close. Cairn India Limited (NS:CAIL) added 3.69% or 5.35 points to end at 150.50 and Hindalco Industries Ltd. (NS:HALC) was up 2.39% or 2.30 points to 98.65 in late trade.

Biggest losers included ICICI Bank Ltd . (NS:ICBK), which lost 4.30% or 10.20 points to trade at 226.75 in late trade. Punjab National Bank (NS:PNBK) declined 3.22% or 2.80 points to end at 84.15 and Dr. Reddy's Laboratories Ltd. (NS:REDY) shed 2.49% or 76.90 points to 3011.80.

The top performers on the BSE Sensex 30 were Vedanta Ltd (BO:VDAN) which rose 6.80% to 110.80, Hindalco Industries Ltd. (BO:HALC) which was up 2.39% to settle at 98.65 and Bharat Heavy Electricals Ltd. (BO:BHEL) which gained 1.91% to close at 127.80.

The worst performers were ICICI Bank Ltd. (BO:ICBK) which was down 4.08% to 226.95 in late trade, Dr. Reddy's Laboratories Ltd. (BO:REDY) which lost 2.66% to settle at 3012.10 and Bharti Airtel Ltd (BO:BRTI) which was down 1.64% to 357.85 at the close.

Declining stocks outnumbered rising ones by 742 to 693 and 66 ended unchanged; on the Bombay Stock Exchange, 433 fell and 404 advanced, while 25 ended unchanged on the India National Stock Exchange.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 3.36% to 17.0925.

In commodities trading, Gold for June delivery was up 0.80% or 10.30 to $1300.80 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.72% or 0.33 to hit $45.59 a barrel, while the July Brent oil contract fell 1.03% or 0.49 to trade at $46.88 a barrel.

USD/INR was down 0.02% to 66.415, while EUR/INR rose 0.24% to 76.2610.

The US Dollar Index was down 0.14% at 92.89.

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