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India stocks lower at close of trade; Nifty 50 down 2.14%

Published 07/08/2019, 06:45 AM
Updated 07/08/2019, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 2.14%

Investing.com – India stocks were lower after the close on Monday, as losses in the Public Sector Undertakings, Capital Goods and Real Estate sectors led shares lower.

At the close in NSE, the Nifty 50 declined 2.14% to hit a new 1-month low, while the BSE Sensex 30 index lost 2.01%.

The best performers of the session on the Nifty 50 were Yes Bank Ltd (NS:YESB), which rose 5.90% or 5.20 points to trade at 93.15 at the close. Meanwhile, HCL Technologies Ltd (NS:HCLT) added 1.83% or 18.65 points to end at 1039.05 and Tata Consultancy Services Ltd. (NS:TCS) was up 0.37% or 8.00 points to 2175.40 in late trade.

The worst performers of the session were Bajaj Finserv Ltd (NS:BJFS), which fell 10.12% or 853.45 points to trade at 7593.05 at the close. Bajaj Finance Ltd (NS:BJFN) declined 7.77% or 289.15 points to end at 3413.30 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was down 5.57% or 9.00 points to 152.40.

The top performers on the BSE Sensex 30 were Yes Bank Ltd (BO:YESB) which rose 5.56% to 93.10, HCL Technologies Ltd (BO:HCLT) which was up 1.94% to settle at 1036.35 and Tata Consultancy Services Ltd. (BO:TCS) which gained 0.67% to close at 2176.10.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 8.18% to 3414.75 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 5.43% to settle at 152.50 and Hero MotoCorp Ltd (BO:HROM) which was down 5.31% to 2380.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1332 to 263 and 66 ended unchanged; on the Bombay Stock Exchange, 1880 fell and 536 advanced, while 128 ended unchanged.

Shares in Hero MotoCorp Ltd (BO:HROM) fell to 3-years lows; down 5.31% or 133.40 to 2380.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.03% to 13.8525.

Gold Futures for August delivery was up 0.48% or 6.70 to $1406.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.12% or 0.07 to hit $57.44 a barrel, while the September Brent oil contract fell 0.02% or 0.01 to trade at $64.22 a barrel.

USD/INR was up 0.30% to 68.648, while EUR/INR rose 0.29% to 77.0270.

The US Dollar Index Futures was down 0.01% at 96.882.

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