India shares lower at close of trade; Nifty 50 down 0.56%

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India shares lower at close of trade; Nifty 50 down 0.56% – India equities were lower at the close on Monday, as losses in the Banking , Technology and IT sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 0.56%, while the BSE Sensex 30 index declined 0.66%.

The biggest gainers of the session on the Nifty 50 were Vedanta Ltd (NS: VDAN ), which rose 6.65% or 6.90 points to trade at 110.70 at the close. Cairn India Limited (NS: CAIL ) added 3.69% or 5.35 points to end at 150.50 and Hindalco Industries Ltd. (NS: HALC ) was up 2.39% or 2.30 points to 98.65 in late trade.

Biggest losers included ICICI Bank Ltd . (NS: ICBK ), which lost 4.30% or 10.20 points to trade at 226.75 in late trade. Punjab National Bank (NS: PNBK ) declined 3.22% or 2.80 points to end at 84.15 and Dr. Reddy's Laboratories Ltd. (NS: REDY ) shed 2.49% or 76.90 points to 3011.80.

The top performers on the BSE Sensex 30 were Vedanta Ltd (BO: VDAN ) which rose 6.80% to 110.80, Hindalco Industries Ltd. (BO: HALC ) which was up 2.39% to settle at 98.65 and Bharat Heavy Electricals Ltd. (BO: BHEL ) which gained 1.91% to close at 127.80.

The worst performers were ICICI Bank Ltd. (BO: ICBK ) which was down 4.08% to 226.95 in late trade, Dr. Reddy's Laboratories Ltd. (BO: REDY ) which lost 2.66% to settle at 3012.10 and Bharti Airtel Ltd (BO: BRTI ) which was down 1.64% to 357.85 at the close.

Declining stocks outnumbered rising ones by 742 to 693 and 66 ended unchanged; on the Bombay Stock Exchange, 433 fell and 404 advanced, while 25 ended unchanged on the India National Stock Exchange.

The India Vix , which measures the implied volatility of Nifty 50 options, was up 3.36% to 17.0925.

In commodities trading, Gold for June delivery was up 0.80% or 10.30 to $1300.80 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.72% or 0.33 to hit $45.59 a barrel, while the July Brent oil contract fell 1.03% or 0.49 to trade at $46.88 a barrel.

USD/INR was down 0.02% to 66.415, while EUR/INR rose 0.24% to 76.2610.

The US Dollar Index was down 0.14% at 92.89.

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