India shares lower at close of trade; Nifty 50 down 1.27%

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India shares lower at close of trade; Nifty 50 down 1.27% – India equities were lower at the close on Monday, as losses in the Metals , Real Estate and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.27% to hit a new 1-month low, while the BSE Sensex 30 index declined 1.08%.

The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd (NS: BAJA ), which rose 2.05% or 74.70 points to trade at 3,717.20 at the close. HDFC Bank Ltd (NS: HDBK ) added 0.75% or 10.15 points to end at 1,365.75 and ICICI Bank Ltd (NS: ICBK ) was up 0.61% or 4.55 points to 752.20 in late trade.

Biggest losers included Coal India Ltd (NS: COAL ), which lost 6.78% or 13.70 points to trade at 188.45 in late trade. Bharat Petroleum Corp. Ltd. (NS: BPCL ) declined 6.02% or 23.70 points to end at 369.70 and Tata Steel Ltd (NS: TISC ) shed 4.48% or 57.20 points to 1,220.35.

The top performers on the BSE Sensex 30 were HDFC Bank Ltd (BO: HDBK ) which rose 0.75% to 1,365.55, ICICI Bank Ltd (BO: ICBK ) which was up 0.73% to settle at 752.80 and Housing Development Finance Corporation Ltd (BO: HDFC ) which gained 0.28% to close at 2,212.55.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 4.47% to 1,220.60 in late trade, Tech Mahindra Ltd (BO: TEML ) which lost 2.76% to settle at 1,270.95 and NTPC Ltd (BO: NTPC ) which was down 2.68% to 155.95 at the close.

Declining stocks outnumbered rising ones by 1479 to 387 and 32 ended unchanged; on the Bombay Stock Exchange, 2406 fell and 1008 advanced, while 137 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 15.83% to 21.26.

In commodities trading, Gold Futures for June delivery was down 1.16% or 22.35 to $1,911.95 a troy ounce. Meanwhile, Crude oil for delivery in June fell 4.36% or 4.45 to hit $97.62 a barrel, while the July Brent oil contract fell 4.23% or 4.49 to trade at $101.66 a barrel.

USD/INR was up 0.30% to 76.71, while EUR/INR fell 0.32% to 82.26.

The US Dollar Index Futures was up 0.47% at 101.68.

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