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India stocks lower at close of trade; Nifty 50 down 0.84%

Published 09/03/2018, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 0.84%
NSEI
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NIFVIX
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AXBK
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BAJA
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BJFN
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REDY
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EICH
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HLL
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PGRD
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WIPR
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BSESN
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BSESCGIP
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BSEPOWER
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BSEREAL
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TAMdv
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Investing.com – India stocks were lower after the close on Monday, as losses in the Fast Moving Consumer Goods, Real Estate and Power sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.84%, while the BSE Sensex 30 index lost 0.86%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 3.85% or 96.00 points to trade at 2593.40 at the close. Meanwhile, Eicher Motors Ltd. (NS:EICH) added 2.34% or 655.25 points to end at 28885.85 and Wipro Ltd (NS:WIPR) was up 2.62% or 7.90 points to 308.35 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 4.78% or 136.50 points to trade at 2724.05 at the close. Hindustan Unilever Ltd. (NS:HLL) declined 4.51% or 80.30 points to end at 1699.10 and Power Grid Corporation of India Ltd (NS:PGRD) was down 3.62% or 7.30 points to 194.50.

The top performers on the BSE Sensex 30 were Wipro Ltd (BO:WIPR) which rose 2.49% to 309.15, Tata Motors Ltd DVR (BO:TAMdv) which was up 1.34% to settle at 144.10 and Bajaj Auto Ltd (BO:BAJA) which gained 0.68% to close at 2765.15.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 4.58% to 1699.05 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 2.92% to settle at 194.75 and AXIS Bank Ltd. (BO:AXBK) which was down 2.69% to 631.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 854 to 768 and 52 ended unchanged; on the Bombay Stock Exchange, 1384 fell and 1297 advanced, while 176 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) rose to 52-week highs; gaining 3.85% or 96.00 to 2593.40.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.31% to 13.3925 a new 1-month high.

Gold Futures for December delivery was up 0.23% or 2.80 to $1207.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.21% or 0.15 to hit $69.92 a barrel, while the November Brent oil contract rose 0.57% or 0.44 to trade at $78.08 a barrel.

USD/INR was up 0.30% to 71.085, while EUR/INR rose 0.23% to 82.5595.

The US Dollar Index Futures was up 0.01% at 95.06.

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