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India stocks lower at close of trade; Nifty 50 down 0.75%

Published 05/21/2018, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 0.75%

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

At the close in NSE, the Nifty 50 fell 0.75% to hit a new 1-month low, while the BSE Sensex 30 index lost 0.67%.

The best performers of the session on the Nifty 50 were State Bank Of India (NS:SBI), which rose 2.37% or 5.65 points to trade at 244.45 at the close. Meanwhile, Bharat Petroleum Corp. Ltd. (NS:BPCL) added 1.95% or 7.55 points to end at 393.85 and Bharti Infratel Ltd (NS:BHRI) was up 1.15% or 3.65 points to 321.70 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. (NS:SUN), which fell 4.53% or 21.05 points to trade at 443.75 at the close. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 4.64% or 92.00 points to end at 1893.05 and UPL Ltd (NS:UPLL) was down 3.84% or 27.25 points to 682.55.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 2.47% to 245.10, Tata Consultancy Services Ltd. (BO:TCS) which was up 1.59% to settle at 3557.95 and Coal India Ltd (BO:COAL) which gained 1.26% to close at 269.75.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 4.50% to 443.80 in late trade, Dr. Reddy’s Laboratories Ltd (BO:REDY) which lost 4.23% to settle at 1894.35 and Yes Bank Ltd (BO:YESB) which was down 3.27% to 334.15 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1305 to 310 and 32 ended unchanged; on the Bombay Stock Exchange, 1927 fell and 654 advanced, while 125 ended unchanged.

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Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) fell to 5-year lows; down 4.53% or 21.05 to 443.75. Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) fell to 5-year lows; falling 4.64% or 92.00 to 1893.05. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) fell to 5-year lows; losing 4.50% or 20.90 to 443.80. Shares in Tata Consultancy Services Ltd. (BO:TCS) rose to all time highs; rising 1.59% or 55.60 to 3557.95. Shares in Dr. Reddy’s Laboratories Ltd (BO:REDY) fell to 5-year lows; falling 4.23% or 83.70 to 1894.35.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.84% to 14.4100.

Gold Futures for June delivery was down 0.55% or 7.10 to $1284.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.29% or 0.21 to hit $71.58 a barrel, while the July Brent oil contract rose 0.10% or 0.08 to trade at $78.59 a barrel.

USD/INR was up 0.14% to 68.082, while EUR/INR rose 0.02% to 80.0572.

The US Dollar Index Futures was up 0.16% at 93.73.

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