India shares lower at close of trade; Nifty 50 down 1.07%

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India shares lower at close of trade; Nifty 50 down 1.07% – India equities were lower at the close on Monday, as losses in the Metals , Public Sector Undertakings and Real Estate sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.07%, while the BSE Sensex 30 index lost 0.89%.

The biggest gainers of the session on the Nifty 50 were Hindustan Unilever Ltd. (NS: HLL ), which rose 2.87% or 78.10 points to trade at 2800.35 at the close. ITC Ltd (NS: ITC ) added 1.12% or 2.60 points to end at 233.75 and Bajaj Finserv Ltd (NS: BJFS ) was up 1.06% or 178.75 points to 17018.95 in late trade.

Biggest losers included Tata Steel Ltd (NS: TISC ), which lost 9.58% or 132.80 points to trade at 1253.10 in late trade. JSW Steel Ltd (NS: JSTL ) declined 7.20% or 49.10 points to end at 633.20 and Hindalco Industries Ltd. (NS: HALC ) shed 6.06% or 28.65 points to 444.40.

The top performers on the BSE Sensex 30 were Hindustan Unilever Ltd. (BO: HLL ) which rose 2.84% to 2798.25, Bajaj Finserv Ltd (BO: BJFS ) which was up 1.10% to settle at 17024.00 and ITC Ltd (BO: ITC ) which gained 1.08% to close at 233.60.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 9.53% to 1253.35 in late trade, State Bank Of India (BO: SBI ) which lost 3.69% to settle at 437.30 and IndusInd Bank Ltd. (BO: INBK ) which was down 3.50% to 1090.50 at the close.

Declining stocks outnumbered rising ones by 1380 to 367 and 42 ended unchanged; on the Bombay Stock Exchange, 2224 fell and 976 advanced, while 119 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 14.84% to 17.4925 a new 3-month high.

In commodities trading, Gold Futures for December delivery was up 0.45% or 7.85 to $1759.25 a troy ounce. Meanwhile, Crude oil for delivery in November fell 2.03% or 1.46 to hit $70.36 a barrel, while the November Brent oil contract fell 1.69% or 1.27 to trade at $74.07 a barrel.

USD/INR was down 0.00% to 73.636, while EUR/INR fell 0.18% to 86.2505.

The US Dollar Index Futures was up 0.15% at 93.317.

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