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India stocks lower at close of trade; Nifty 50 down 0.24%

Published 05/23/2016, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 0.24%
NSEI
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NIFVIX
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ABUJ
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BRTI
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BOB
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CIPL
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ITC
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LUPN
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ONGC
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PGRD
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TTPW
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TISC
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BSESN
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BSECG
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SPBSHLIP
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SPBSITIP
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Investing.com – India stocks were lower after the close on Monday, as losses in the Capital Goods, Healthcare and IT sectors led shares lower.

At the close in NSE, the Nifty 50 lost 0.24%, while the BSE Sensex 30 index declined 0.28%.

The best performers of the session on the Nifty 50 were ITC Ltd (NS:ITC), which rose 4.99% or 16.50 points to trade at 346.85 at the close. Meanwhile, POWER GRID CORPORATION OF INDIA (NS:PGRD) added 2.31% or 3.35 points to end at 148.15 and Ambuja Cements Ltd. (NS:ABUJ) was up 1.80% or 3.75 points to 212.60 in late trade.

The worst performers of the session were TATA STEEL LIMITED (NS:TISC), which fell 2.82% or 9.10 points to trade at 313.55 at the close. Lupin Ltd (NS:LUPN) declined 2.64% or 39.75 points to end at 1465.05 and Bank Of Baroda (NS:BOB) was down 2.41% or 3.25 points to 131.80.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 5.29% to 347.40, Tata Power Co. Ltd (BO:TTPW) which was up 1.87% to settle at 70.70 and Bharti Airtel Ltd (BO:BRTI) which gained 0.99% to close at 346.25.

The worst performers were TATA STEEL LIMITED (BO:TISC) which was down 2.88% to 313.60 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 2.18% to settle at 208.30 and Cipla Ltd. (BO:CIPL) which was down 1.94% to 497.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 906 to 531 and 61 ended unchanged; on the Bombay Stock Exchange, 956 fell and 624 advanced, while 45 ended unchanged.

Shares in POWER GRID CORPORATION OF INDIA (NS:PGRD) rose to 52-week highs; up 2.31% or 3.35 to 148.15. Shares in Cipla Ltd. (BO:CIPL) fell to 52-week lows; falling 1.94% or 9.85 to 497.40.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 1.61% to 16.1600 a new 1-month low.

Gold for June delivery was down 0.15% or 1.85 to $1251.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.26% or 0.61 to hit $47.80 a barrel, while the July Brent oil contract fell 1.13% or 0.55 to trade at $48.17 a barrel.

USD/INR was up 0.06% to 67.468, while EUR/INR fell 0.11% to 75.5970.

The US Dollar Index was up 0.08% at 95.37.

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