India shares lower at close of trade; Nifty 50 down 1.23%

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India shares lower at close of trade; Nifty 50 down 1.23% – India equities were lower at the close on Tuesday, as losses in the Metals , Oil & Gas and IT sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.23%, while the BSE Sensex 30 index fell 1.26%.

The biggest gainers of the session on the Nifty 50 were Tata Consumer Products Ltd (NS: TACN ), which rose 3.69% or 26.65 points to trade at 748.90 at the close. Mahindra & Mahindra Ltd. (NS: MAHM ) added 2.42% or 18.00 points to end at 761.20 and Cipla Ltd. (NS: CIPL ) was up 2.04% or 21.35 points to 1,070.00 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS: HALC ), which lost 5.26% or 31.05 points to trade at 559.75 in late trade. Oil And Natural Gas Corporation Ltd (NS: ONGC ) declined 4.89% or 8.40 points to end at 163.40 and Tata Steel Ltd (NS: TISC ) shed 4.88% or 63.25 points to 1,233.75.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO: MAHM ) which rose 2.31% to 760.85, Maruti Suzuki India Ltd. (BO: MRTI ) which was up 1.40% to settle at 7,417.25 and Nestle India Ltd (BO: NEST ) which gained 0.82% to close at 17,519.60.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 4.89% to 1,233.65 in late trade, Kotak Mahindra Bank Ltd. (BO: KTKM ) which lost 3.11% to settle at 1,733.40 and Tech Mahindra Ltd (BO: TEML ) which was down 2.92% to 1,459.05 at the close.

Declining stocks outnumbered rising ones by 1292 to 523 and 22 ended unchanged; on the Bombay Stock Exchange, 1956 fell and 1325 advanced, while 98 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 4.10% to 26.73.

In commodities trading, Gold Futures for April delivery was down 1.39% or 27.35 to $1,933.45 a troy ounce. Meanwhile, Crude oil for delivery in April fell 5.48% or 5.65 to hit $97.36 a barrel, while the May Brent oil contract fell 5.37% or 5.74 to trade at $101.16 a barrel.

USD/INR was unchanged 0.01% to 76.53, while EUR/INR rose 0.76% to 84.25.

The US Dollar Index Futures was down 0.28% at 98.75.

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