India shares lower at close of trade; Nifty 50 down 0.98%

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India shares lower at close of trade; Nifty 50 down 0.98%
Credit: © Reuters. – India equities were lower at the close on Monday, as losses in the Power , Fast Moving Consumer Goods and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.98%, while the BSE Sensex 30 index lost 0.99%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd (NS: COAL ), which rose 3.26% or 5.75 points to trade at 182.30 at the close. Hindalco Industries Ltd. (NS: HALC ) added 2.28% or 13.15 points to end at 589.95 and UPL Ltd (NS: UPLL ) was up 1.88% or 14.30 points to 775.90 in late trade.

Biggest losers included Britannia Industries Ltd (NS: BRIT ), which lost 3.53% or 118.40 points to trade at 3,237.55 in late trade. Grasim Industries Ltd (NS: GRAS ) declined 3.14% or 50.85 points to end at 1,569.00 and Tata Consumer Products Ltd (NS: TACN ) shed 3.08% or 23.80 points to 748.50.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO: SUN ) which rose 0.41% to 914.45, HDFC Bank Ltd (BO: HDBK ) which was up 0.39% to settle at 1,486.05 and Maruti Suzuki India Ltd. (BO: MRTI ) which gained 0.15% to close at 7,703.50.

The worst performers were Power Grid Corporation of India Ltd (BO: PGRD ) which was down 2.93% to 205.30 in late trade, Asian Paints Ltd. (BO: ASPN ) which lost 2.85% to settle at 3,045.75 and UltraTech Cement Ltd (BO: ULTC ) which was down 2.81% to 6,193.85 at the close.

Declining stocks outnumbered rising ones by 1079 to 760 and 44 ended unchanged; on the Bombay Stock Exchange, 1889 fell and 1521 advanced, while 148 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 8.90% to 24.62.

In commodities trading, Gold Futures for April delivery was down 0.16% or 3.10 to $1,926.20 a troy ounce. Meanwhile, Crude oil for delivery in May rose 4.20% or 4.33 to hit $107.42 a barrel, while the May Brent oil contract rose 3.87% or 4.18 to trade at $112.11 a barrel.

USD/INR was up 0.34% to 76.20, while EUR/INR rose 0.17% to 84.22.

The US Dollar Index Futures was up 0.04% at 98.27.

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