India shares lower at close of trade; Nifty 50 down 2.66%

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India shares lower at close of trade; Nifty 50 down 2.66%
Credit: © Reuters. – India equities were lower at the close on Monday, as losses in the Real Estate , Metals and Consumer Durables sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 2.66%, while the BSE Sensex 30 index fell 2.62%.

The biggest gainers of the session on the Nifty 50 were Cipla Ltd. (NS: CIPL ), which rose 2.84% or 24.65 points to trade at 892.10 at the close. Oil And Natural Gas Corporation Ltd (NS: ONGC ) added 0.82% or 1.35 points to end at 165.00 and IndusInd Bank Ltd. (NS: INBK ) was down 0.33% or 2.85 points to 851.25 in late trade.

Biggest losers included JSW Steel Ltd (NS: JSTL ), which lost 6.67% or 44.45 points to trade at 621.80 in late trade. Tata Steel Ltd (NS: TISC ) declined 6.03% or 70.50 points to end at 1099.20 and Bajaj Finance Ltd (NS: BJFN ) shed 5.99% or 442.00 points to 6931.75.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO: INBK ) which fell 0.48% to 849.85, Power Grid Corporation of India Ltd (BO: PGRD ) which was down 0.49% to settle at 213.90 and Bharti Airtel Ltd (BO: BRTI ) which lost 0.78% to close at 689.60.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 5.98% to 1099.15 in late trade, Bajaj Finance Ltd (BO: BJFN ) which lost 5.97% to settle at 6932.75 and Wipro Ltd (BO: WIPR ) which was down 5.35% to 572.85 at the close.

Declining stocks outnumbered rising ones by 1750 to 121 and 18 ended unchanged; on the Bombay Stock Exchange, 2983 fell and 503 advanced, while 121 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 20.85% to 22.8250 a new 6-month high.

In commodities trading, Gold Futures for February delivery was up 0.35% or 6.40 to $1838.20 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.23% or 0.20 to hit $84.94 a barrel, while the April Brent oil contract fell 0.11% or 0.10 to trade at $86.98 a barrel.

USD/INR was up 0.26% to 74.613, while EUR/INR fell 0.01% to 84.3450.

The US Dollar Index Futures was up 0.35% at 95.968.

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