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India stocks lower at close of trade; Nifty 50 down 2.08%

Published 02/24/2020, 05:45 AM
Updated 02/24/2020, 05:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 2.08%

Investing.com – India stocks were lower after the close on Monday, as losses in the Metals, Auto and Green Energy sectors led shares lower.

At the close in NSE, the Nifty 50 declined 2.08%, while the BSE Sensex 30 index fell 1.96%.

The best performers of the session on the Nifty 50 were Infosys Ltd (NS:INFY), which fell 0.14% or 1.10 points to trade at 795.90 at the close. Meanwhile, Kotak Mahindra Bank Ltd. (NS:KTKM) fell 0.39% or 6.55 points to end at 1679.40 and HDFC Bank Ltd (NS:HDBK) was down 0.56% or 6.85 points to 1210.25 in late trade.

The worst performers of the session were JSW Steel Ltd (NS:JSTL), which fell 7.35% or 20.70 points to trade at 261.10 at the close. Vedanta Ltd (NS:VDAN) declined 6.46% or 9.20 points to end at 133.15 and Tata Steel Ltd (NS:TISC) was down 6.28% or 27.85 points to 415.70.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which fell 0.18% to 795.25, Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 0.47% to settle at 1678.70 and HDFC Bank Ltd (BO:HDBK) which lost 0.60% to close at 1210.00.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 6.39% to 415.35 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 4.72% to settle at 98.00 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 4.24% to 6468.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1150 to 386 and 99 ended unchanged; on the Bombay Stock Exchange, 1685 fell and 706 advanced, while 166 ended unchanged.

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Shares in Oil And Natural Gas Corporation Ltd (BO:ONGC) fell to 5-year lows; losing 4.72% or 4.85 to 98.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 24.07% to 16.9975.

Gold Futures for April delivery was up 2.21% or 36.45 to $1685.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 3.50% or 1.87 to hit $51.51 a barrel, while the May Brent oil contract fell 3.50% or 2.03 to trade at $55.91 a barrel.

USD/INR was up 0.05% to 71.905, while EUR/INR fell 0.19% to 77.7580.

The US Dollar Index Futures was up 0.37% at 99.558.

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