Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

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%
NSEI
-
NIFVIX
-
BPCL
-
COAL
-
REDY
-
SBI
-
SUN
-
TCS
-
UPLL
-
YESB
-
INUS
-
BSESN
-
BSECD
-
BSESHLIP
-
BSEREAL
-

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.

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.