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

India stocks lower at close of trade; Nifty 50 down 1.23%

Published 08/05/2019, 06:45 AM
India stocks lower at close of trade; Nifty 50 down 1.23%
NSEI
-
NIFVIX
-
BRTI
-
TCS
-
TAMO
-
TEML
-
UPLL
-
YESB
-
BSESN
-
BSECD
-
BSEPOWER
-
BSEPSU
-
TAMdv
-

Investing.com – India stocks were lower after the close on Monday, as losses in the Power, Consumer Durables and Public Sector Undertakings sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.23% to hit a new 3-months low, while the BSE Sensex 30 index lost 1.13%.

The best performers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS:BRTI), which rose 4.53% or 15.55 points to trade at 357.70 at the close. Meanwhile, Tata Consultancy Services Ltd. (NS:TCS) added 1.57% or 34.70 points to end at 2248.60 and Tech Mahindra Ltd (NS:TEML) was up 2.15% or 13.70 points to 648.05 in late trade.

The worst performers of the session were Yes Bank Ltd (NS:YESB), which fell 8.21% or 7.25 points to trade at 81.10 at the close. UPL Ltd (NS:UPLL) declined 5.86% or 33.60 points to end at 540.95 and Tata Motors Ltd (NS:TAMO) was down 5.13% or 6.70 points to 123.75.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 3.96% to 357.05, Tech Mahindra Ltd (BO:TEML) which was up 2.15% to settle at 650.00 and Tata Consultancy Services Ltd. (BO:TCS) which gained 1.93% to close at 2248.55.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 8.15% to 81.10 in late trade, Tata Motors Ltd DVR (BO:TAMdv) which lost 5.62% to settle at 58.80 and Tata Motors Ltd (BO:TAMO) which was down 5.25% to 123.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1204 to 382 and 57 ended unchanged; on the Bombay Stock Exchange, 1624 fell and 703 advanced, while 131 ended unchanged.

Shares in Yes Bank Ltd (NS:YESB) fell to 5-year lows; down 8.21% or 7.25 to 81.10. Shares in Tata Motors Ltd (NS:TAMO) fell to 5-year lows; down 5.13% or 6.70 to 123.75. Shares in Yes Bank Ltd (BO:YESB) fell to 5-year lows; losing 8.15% or 7.20 to 81.10. Shares in Tata Motors Ltd DVR (BO:TAMdv) fell to 5-year lows; down 5.62% or 3.50 to 58.80. Shares in Tata Motors Ltd (BO:TAMO) fell to 5-year lows; down 5.25% or 6.85 to 123.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.20% to 16.5850 a new 1-month high.

Gold Futures for December delivery was up 1.08% or 15.75 to $1473.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.93% or 0.52 to hit $55.14 a barrel, while the October Brent oil contract fell 1.05% or 0.65 to trade at $61.24 a barrel.

USD/INR was up 1.21% to 70.530, while EUR/INR rose 1.72% to 78.7260.

The US Dollar Index Futures was down 0.36% at 97.502.

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.