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

Investing.com – India stocks were lower after the close on Monday, as losses in the Real EstateMetals and Consumer Durables sectors led shares lower.

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

The best performers 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. Meanwhile, 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.

The worst performers of the session were JSW Steel Ltd (NS:JSTL), which fell 6.67% or 44.45 points to trade at 621.80 at the close. Tata Steel Ltd (NS:TISC) declined 6.03% or 70.50 points to end at 1099.20 and Bajaj Finance Ltd (NS:BJFN) was down 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.

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

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

Gold Futures for February delivery was up 0.35% or 6.35 to $1838.15 a troy ounce. Elsewhere in commodities trading, 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 84.3415.

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

Source: Investing.com

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

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