India shares lower at close of trade; Nifty 50 down 0.41%

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India shares lower at close of trade; Nifty 50 down 0.41%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Tuesday, as losses in the Metals , Auto and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.41% to hit a new 3-month low, while the BSE Sensex 30 index declined 0.34%.

The biggest gainers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS: PGRD ), which rose 3.12% or 6.25 points to trade at 206.50 at the close. Shree Cements Ltd. (NS: SHCM ) added 3.07% or 783.85 points to end at 26349.95 and Tata Consumer Products Ltd (NS: TACN ) was up 2.35% or 18.00 points to 784.00 in late trade.

Biggest losers included Tata Steel Ltd (NS: TISC ), which lost 4.01% or 44.75 points to trade at 1070.00 in late trade. Kotak Mahindra Bank Ltd. (NS: KTKM ) declined 3.10% or 62.60 points to end at 1957.00 and JSW Steel Ltd (NS: JSTL ) shed 2.81% or 17.60 points to 608.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO: PGRD ) which rose 3.43% to 206.80, Titan Company Ltd (BO: TITN ) which was up 2.18% to settle at 2374.90 and Bajaj Finserv Ltd (BO: BJFS ) which gained 1.98% to close at 17224.00.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 3.87% to 1071.60 in late trade, Kotak Mahindra Bank Ltd. (BO: KTKM ) which lost 2.87% to settle at 1962.15 and Bajaj Auto Ltd (BO: BAJA ) which was down 1.72% to 3243.15 at the close.

Advancing stocks outnumbered falling ones by 982 to 787 and 48 ended unchanged; on the Bombay Stock Exchange, 1732 rose and 1420 declined, while 149 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 1.62% to 21.1675 a new 6-month high.

In commodities trading, Gold Futures for February delivery was up 0.79% or 14.05 to $1799.25 a troy ounce. Meanwhile, Crude oil for delivery in January fell 3.22% or 2.25 to hit $67.70 a barrel, while the February Brent oil contract fell 3.29% or 2.41 to trade at $70.81 a barrel.

USD/INR was up 0.22% to 75.195, while EUR/INR rose 0.92% to 85.4855.

The US Dollar Index Futures was down 0.68% at 95.680.

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