India stocks lower at close of trade; Nifty 50 down 3.43%

By Administrator_India

Capital Sands

India stocks were lower after the close on Monday, as losses in the Banking, Auto and Real Estate sectors led shares lower.

At the close in NSE, the Nifty 50 lost 3.43% to hit a new 1-month low, while the BSE Sensex 30 index fell 3.44%.

The best performers of the session on the Nifty 50 were Cipla Ltd. , which rose 5.51% or 31.45 points to trade at 601.75 at the close. Meanwhile, Tata Consultancy Services Ltd. added 2.49% or 47.15 points to end at 1940.05 and Bharti Infratel Ltd. was up 2.32% or 4.70 points to 207.20 in late trade.

The worst performers of the session were IndusInd Bank Ltd. , which fell 9.64% or 40.35 points to trade at 378.35 at the close. Zee Entertainment Enterprises Ltd. declined 9.50% or 15.60 points to end at 148.60 and Eicher Motors Ltd. was down 7.88% or 1110.85 points to 12988.75.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. which rose 2.46% to 1939.85, Infosys Ltd. which was up 1.17% to settle at 659.90 and HCL Technologies Ltd. which gained 0.09% to close at 511.70.

The worst performers were IndusInd Bank Ltd.  which was down 10.02% to 376.85 in late trade, AXIS Bank Ltd.  which lost 7.55% to settle at 359.30 and ICICI Bank Ltd. which was down 7.44% to 298.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1245 to 277 and 89 ended unchanged; on the Bombay Stock Exchange, 1656 fell and 539 advanced, while 152 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.62% to 40.9150.

Gold Futures for June delivery was up 0.83% or 14.50 to $1770.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 7.72% or 2.28 to hit $31.80 a barrel, while the July Brent oil contract rose 5.94% or 1.93 to trade at $34.43 a barrel.

USD/INR was up 0.28% to 76.029, while EUR/INR rose 0.27% to 82.2295.

The US Dollar Index Futures was down 0.05% at 100.382.

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