India shares lower at close of trade; Nifty 50 down 2.50%

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India shares lower at close of trade; Nifty 50 down 2.50%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Tuesday, as losses in the Banking , Technology and IT sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 2.50% to hit a new 3-year low, while the BSE Sensex 30 index lost 2.58%.

The biggest gainers of the session on the Nifty 50 were Yes Bank Ltd (NS: YESB ), which rose 59.30% or 22.00 points to trade at 59.10 at the close. Hindustan Unilever Ltd. (NS: HLL ) added 3.09% or 60.05 points to end at 2001.95 and Eicher Motors Ltd. (NS: EICH ) was up 2.77% or 456.30 points to 16950.00 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd. (NS: ZEE ), which lost 20.05% or 33.35 points to trade at 133.00 in late trade. IndusInd Bank Ltd. (NS: INBK ) declined 9.20% or 61.10 points to end at 603.05 and ICICI Bank Ltd (NS: ICBK ) shed 8.92% or 35.95 points to 366.95.

The top performers on the BSE Sensex 30 were Hindustan Unilever Ltd. (BO: HLL ) which rose 3.49% to 2009.00, Hero MotoCorp Ltd (BO: HROM ) which was up 2.68% to settle at 1831.90 and Power Grid Corporation of India Ltd (BO: PGRD ) which gained 2.53% to close at 162.15.

The worst performers were ICICI Bank Ltd (BO: ICBK ) which was down 8.95% to 366.85 in late trade, IndusInd Bank Ltd. (BO: INBK ) which lost 8.89% to settle at 604.30 and Bajaj Finance Ltd (BO: BJFN ) which was down 6.26% to 3444.85 at the close.

Declining stocks outnumbered rising ones by 1027 to 518 and 80 ended unchanged; on the Bombay Stock Exchange, 1562 fell and 737 advanced, while 145 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 6.88% to 62.9250 a new 5-year high.

In commodities trading, Gold Futures for April delivery was down 0.92% or 13.70 to $1472.80 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.48% or 0.43 to hit $29.43 a barrel, while the May Brent oil contract fell 0.30% or 0.09 to trade at $29.96 a barrel.

USD/INR was up 0.32% to 74.235, while EUR/INR fell 0.82% to 82.0555.

The US Dollar Index Futures was up 0.85% at 98.985.

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