India shares lower at close of trade; Nifty 50 down 2.35%

  • Stock Market News
India shares lower at close of trade; Nifty 50 down 2.35%
Credit: © Reuters. – India equities were lower at the close on Monday, as losses in the Real Estate , Banking and Auto sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 2.35% to hit a new 6-month low, while the BSE Sensex 30 index declined 2.74%.

The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS: ONGC ), which rose 13.13% or 21.70 points to trade at 186.95 at the close. Hindalco Industries Ltd. (NS: HALC ) added 6.16% or 35.95 points to end at 619.75 and Coal India Ltd (NS: COAL ) was up 4.25% or 7.70 points to 188.70 in late trade.

Biggest losers included IndusInd Bank Ltd. (NS: INBK ), which lost 7.48% or 67.50 points to trade at 834.40 in late trade. AXIS Bank Ltd (NS: AXBK ) declined 6.64% or 47.45 points to end at 667.55 and Maruti Suzuki India Ltd. (NS: MRTI ) shed 6.60% or 478.25 points to 6,769.05.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO: BRTI ) which rose 3.46% to 675.60, HCL Technologies Ltd (BO: HCLT ) which was up 1.38% to settle at 1,153.70 and Tata Steel Ltd (BO: TISC ) which gained 1.12% to close at 1,291.75.

The worst performers were IndusInd Bank Ltd. (BO: INBK ) which was down 7.63% to 834.10 in late trade, AXIS Bank Ltd. (BO: AXBK ) which lost 6.70% to settle at 667.25 and Maruti Suzuki India Ltd. (BO: MRTI ) which was down 6.56% to 6,769.00 at the close.

Declining stocks outnumbered rising ones by 1549 to 286 and 38 ended unchanged; on the Bombay Stock Exchange, 2544 fell and 813 advanced, while 131 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 4.91% to 29.33.

In commodities trading, Gold Futures for April delivery was up 1.97% or 38.80 to $2,005.40 a troy ounce. Meanwhile, Crude oil for delivery in April rose 6.28% or 7.26 to hit $122.94 a barrel, while the May Brent oil contract rose 6.33% or 7.48 to trade at $125.59 a barrel.

USD/INR was up 0.94% to 77.14, while EUR/INR unchanged 0.00% to 83.49.

The US Dollar Index Futures was up 0.65% at 99.32.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or