India shares lower at close of trade; Nifty 50 down 0.05% By Investing.com

Investing.com – India equities were lower at the close on Monday, as losses in the Banking, Consumer Durables and Public Sector Undertakings sectors propelled shares lower.

At the close in NSE, the Nifty 50 declined 0.05%, while the BSE Sensex 30 index declined 0.17%.

The biggest gainers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd (NS:APSE), which rose 5.20% or 35.70 points to trade at 721.95 at the close. Tech Mahindra Ltd (NS:TEML) added 2.57% or 25.45 points to end at 1014.90 and Tata Consultancy Services Ltd. (NS:TCS) was up 2.55% or 77.80 points to 3128.00 in late trade.

Biggest losers included IndusInd Bank Ltd. (NS:INBK), which lost 4.20% or 42.55 points to trade at 969.35 in late trade. Power Grid Corporation of India Ltd (NS:PGRD) declined 3.30% or 7.60 points to end at 222.60 and ICICI Bank Ltd (NS:ICBK) shed 2.21% or 12.95 points to 573.70.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 2.50% to 1014.00, Tata Consultancy Services Ltd. (BO:TCS) which was up 2.17% to settle at 3129.60 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 2.07% to close at 590.55.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 4.13% to 970.00 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 3.34% to settle at 222.65 and ICICI Bank Ltd (BO:ICBK) which was down 2.23% to 573.40 at the close.

Advancing stocks outnumbered falling ones by 942 to 754 and 63 ended unchanged; on the Bombay Stock Exchange, 1549 rose and 1386 declined, while 212 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.53% to 20.4925.

In commodities trading, Gold Futures for April delivery was down 0.60% or 10.50 to $1731.20 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.16% or 0.10 to hit $61.54 a barrel, while the May Brent oil contract rose 0.09% or 0.06 to trade at $64.59 a barrel.

USD/INR was down 0.05% to 72.365, while EUR/INR rose 0.01% to 86.1475.

The US Dollar Index Futures was up 0.02% at 91.942.