India shares lower at close of trade; Nifty 50 down 3.06%

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India shares lower at close of trade; Nifty 50 down 3.06% – India equities were lower at the close on Monday, as losses in the Real Estate , Metals and Banking sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 3.06% to hit a new 1-month low, while the BSE Sensex 30 index fell 3.00%.

The biggest gainers of the session on the Nifty 50 were Tata Consultancy Services Ltd. (NS: TCS ), which rose 1.05% or 38.80 points to trade at 3733.75 at the close. Divi's Laboratories Ltd. (NS: DIVI ) fell 0.33% or 14.25 points to end at 4277.00 and Cipla Ltd. (NS: CIPL ) was down 0.38% or 3.60 points to 954.90 in late trade.

Biggest losers included JSW Steel Ltd (NS: JSTL ), which lost 6.68% or 44.85 points to trade at 626.55 in late trade. HDFC Life Insurance Company Ltd (NS: HDFL ) declined 6.39% or 38.05 points to end at 557.30 and ITC Ltd (NS: ITC ) shed 5.59% or 13.00 points to 219.45.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO: TCS ) which rose 1.05% to 3734.25, Nestle India Ltd (BO: NEST ) which was down 0.85% to settle at 17663.75 and Hindustan Unilever Ltd. (BO: HLL ) which lost 1.34% to close at 2227.25.

The worst performers were ITC Ltd (BO: ITC ) which was down 5.57% to 219.40 in late trade, Tata Steel Ltd (BO: TISC ) which lost 5.49% to settle at 1185.90 and Housing Development Finance Corporation Ltd (BO: HDFC ) which was down 5.33% to 2297.25 at the close.

Declining stocks outnumbered rising ones by 1724 to 136 and 16 ended unchanged; on the Bombay Stock Exchange, 2896 fell and 554 advanced, while 117 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 23.01% to 22.9775 a new 6-month high.

In commodities trading, Gold Futures for April delivery was up 0.75% or 13.75 to $1855.85 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.06% or 0.06 to hit $93.16 a barrel, while the April Brent oil contract rose 0.03% or 0.03 to trade at $94.47 a barrel.

USD/INR was up 0.28% to 75.559, while EUR/INR rose 0.01% to 85.4905.

The US Dollar Index Futures was up 0.18% at 96.245.

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