India shares lower at close of trade; Nifty 50 down 1.35%

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India shares lower at close of trade; Nifty 50 down 1.35%

Investing.com – India equities were lower at the close on Tuesday, as losses in the Metals , Technology and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 1.35%, while the BSE Sensex 30 index declined 1.49%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS: MAHM ), which fell 0.13% or 1.10 points to trade at 840.00 at the close. Bajaj Finserv Ltd (NS: BJFS ) fell 0.51% or 82.30 points to end at 15929.95 and Hero MotoCorp Ltd (NS: HROM ) was down 1.14% or 30.85 points to 2682.50 in late trade.

Biggest losers included Tata Steel Ltd (NS: TISC ), which lost 3.88% or 45.85 points to trade at 1136.00 in late trade. Bharat Petroleum Corp. Ltd. (NS: BPCL ) declined 2.83% or 10.45 points to end at 358.30 and Tata Consultancy Services Ltd. (NS: TCS ) shed 3.76% or 139.70 points to 3579.70.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO: BJFS ) which fell 0.74% to 15885.45, Mahindra & Mahindra Ltd. (BO: MAHM ) which was down 0.39% to settle at 837.70 and Kotak Mahindra Bank Ltd. (BO: KTKM ) which lost 0.73% to close at 1812.95.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 3.85% to 1136.00 in late trade, Tata Consultancy Services Ltd. (BO: TCS ) which lost 3.67% to settle at 3583.75 and State Bank Of India (BO: SBI ) which was down 2.52% to 498.95 at the close.

Declining stocks outnumbered rising ones by 1538 to 292 and 8 ended unchanged; on the Bombay Stock Exchange, 2588 fell and 665 advanced, while 83 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 18.15% to 27.0600 a new 6-month high.

In commodities trading, Gold Futures for April delivery was up 0.63% or 12.05 to $1911.85 a troy ounce. Meanwhile, Crude oil for delivery in April rose 3.68% or 3.32 to hit $93.53 a barrel, while the May Brent oil contract rose 2.10% or 1.95 to trade at $94.94 a barrel.

USD/INR was down 0.00% to 74.859, while EUR/INR rose 0.53% to 84.6985.

The US Dollar Index Futures was up 0.10% at 96.112.

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