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India stocks lower at close of trade; Nifty 50 down 0.57%

Published 10/22/2018, 06:45 AM
Updated 10/22/2018, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 0.57%

Investing.com – India stocks were lower after the close on Monday, as losses in the Oil & Gas, Consumer Durables and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.57%, while the BSE Sensex 30 index declined 0.53%.

The best performers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd (NS:INBF), which rose 8.93% or 58.40 points to trade at 713.15 at the close. Meanwhile, Eicher Motors Ltd. (NS:EICH) added 4.03% or 871.70 points to end at 22425.10 and ICICI Bank Ltd (NS:ICBK) was up 4.04% or 12.75 points to 327.10 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 6.96% or 109.70 points to trade at 1449.45 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 4.51% or 12.80 points to end at 271.15 and UltraTech Cement Ltd (NS:ULTC) was down 3.95% or 142.60 points to 3463.25.

The top performers on the BSE Sensex 30 were ICICI Bank Ltd (BO:ICBK) which rose 3.84% to 327.00, NTPC Ltd (BO:NTPC) which was up 1.95% to settle at 165.00 and Bajaj Auto Ltd (BO:BAJA) which gained 1.86% to close at 2556.80.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 8.52% to 1442.20 in late trade, Reliance Industries Ltd (BO:RELI) which lost 3.56% to settle at 1062.45 and Tata Motors Ltd DVR (BO:TAMdv) which was down 3.18% to 92.90 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1180 to 420 and 58 ended unchanged; on the Bombay Stock Exchange, 1745 fell and 778 advanced, while 136 ended unchanged.

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Shares in IndusInd Bank Ltd. (NS:INBK) fell to 52-week lows; falling 6.96% or 109.70 to 1449.45. Shares in UltraTech Cement Ltd (NS:ULTC) fell to 52-week lows; down 3.95% or 142.60 to 3463.25. Shares in IndusInd Bank Ltd. (BO:INBK) fell to 52-week lows; down 8.52% or 134.30 to 1442.20. Shares in Tata Motors Ltd DVR (BO:TAMdv) fell to 3-years lows; down 3.18% or 3.05 to 92.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.93% to 21.3575 a new 52-week high.

Gold Futures for December delivery was up 0.25% or 3.00 to $1226.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.42% or 0.29 to hit $69.41 a barrel, while the December Brent oil contract rose 0.29% or 0.23 to trade at $80.01 a barrel.

USD/INR was down 0.04% to 73.445, while EUR/INR rose 0.00% to 84.4950.

The US Dollar Index Futures was up 0.07% at 95.51.

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