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India stocks lower at close of trade; Nifty 50 down 1.16%

Published 05/13/2019, 06:45 AM
Updated 05/13/2019, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.16%

Investing.com – India stocks were lower after the close on Monday, as losses in the Healthcare, Capital Goods and Power sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.16% to hit a new 1-month low, while the BSE Sensex 30 index lost 0.99%.

The best performers of the session on the Nifty 50 were Bharti Infratel Ltd (NS:BHRI), which rose 1.24% or 3.25 points to trade at 265.45 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 1.49% or 16.90 points to end at 1144.70 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 1.31% or 25.30 points to 1952.90 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. (NS:SUN), which fell 5.43% or 23.75 points to trade at 398.10 at the close. Eicher Motors Ltd. (NS:EICH) declined 8.13% or 1654.00 points to end at 18751.75 and Zee Entertainment Enterprises Ltd. (NS:ZEE) was down 6.64% or 24.65 points to 342.05.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO:HDFC) which rose 1.06% to 1951.70, Hindustan Unilever Ltd. (BO:HLL) which was up 0.87% to settle at 1701.75 and Infosys Ltd (BO:INFY) which gained 0.56% to close at 720.05.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 9.39% to 396.85 in late trade, Yes Bank Ltd (BO:YESB) which lost 5.58% to settle at 154.85 and Tata Motors Ltd DVR (BO:TAMdv) which was down 4.48% to 85.35 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1330 to 269 and 49 ended unchanged; on the Bombay Stock Exchange, 1796 fell and 605 advanced, while 152 ended unchanged.

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Shares in Eicher Motors Ltd. (NS:EICH) fell to 52-week lows; losing 8.13% or 1654.00 to 18751.75. Shares in Yes Bank Ltd (BO:YESB) fell to 3-years lows; losing 5.58% or 9.15 to 154.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.98% to 27.3825 a new 3-years high.

Gold Futures for June delivery was down 0.25% or 3.25 to $1284.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.38% or 0.85 to hit $62.51 a barrel, while the July Brent oil contract rose 1.57% or 1.11 to trade at $71.73 a barrel.

USD/INR was up 0.71% to 70.430, while EUR/INR rose 0.58% to 79.1350.

The US Dollar Index Futures was down 0.06% at 97.062.

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