India shares lower at close of trade; Nifty 50 down 1.65%

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India shares lower at close of trade; Nifty 50 down 1.65% – India equities were lower at the close on Monday, as losses in the IT , Technology and Healthcare sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.65% to hit a new 3-month low, while the BSE Sensex 30 index declined 1.65%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd (NS: UPLL ), which rose 0.44% or 3.15 points to trade at 715.90 at the close. Housing Development Finance Corporation Ltd (NS: HDFC ) fell 0.10% or 2.85 points to end at 2768.80 and Eicher Motors Ltd. (NS: EICH ) was down 0.23% or 5.55 points to 2450.00 in late trade.

Biggest losers included Coal India Ltd (NS: COAL ), which lost 7.01% or 11.20 points to trade at 148.55 in late trade. IndusInd Bank Ltd. (NS: INBK ) declined 3.73% or 35.50 points to end at 915.65 and Tata Consumer Products Ltd (NS: TACN ) shed 3.45% or 26.70 points to 747.60.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO: HDFC ) which fell 0.40% to 2760.00, HDFC Bank Ltd (BO: HDBK ) which was down 0.51% to settle at 1505.40 and Tata Steel Ltd (BO: TISC ) which lost 0.80% to close at 1109.05.

The worst performers were IndusInd Bank Ltd. (BO: INBK ) which was down 3.75% to 915.55 in late trade, Bajaj Finserv Ltd (BO: BJFS ) which lost 3.43% to settle at 16894.80 and Bharti Airtel Ltd (BO: BRTI ) which was down 2.96% to 697.10 at the close.

Declining stocks outnumbered rising ones by 1239 to 557 and 52 ended unchanged; on the Bombay Stock Exchange, 1934 fell and 1394 advanced, while 176 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 8.79% to 20.0775.

In commodities trading, Gold Futures for February delivery was down 0.15% or 2.60 to $1781.30 a troy ounce. Meanwhile, Crude oil for delivery in January rose 2.58% or 1.71 to hit $67.97 a barrel, while the February Brent oil contract rose 2.29% or 1.60 to trade at $71.48 a barrel.

USD/INR was up 0.28% to 75.438, while EUR/INR rose 0.15% to 85.2295.

The US Dollar Index Futures was up 0.10% at 96.213.

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