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India stocks lower at close of trade; Nifty 50 down 1.35%

Published 04/22/2019, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.35%
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Investing.com – India stocks were lower after the close on Monday, as losses in the Oil & Gas, Real Estate and Banking sectors led shares lower.

At the close in NSE, the Nifty 50 lost 1.35%, while the BSE Sensex 30 index declined 1.26%.

The best performers of the session on the Nifty 50 were Wipro Ltd (NS:WIPR), which rose 1.21% or 3.45 points to trade at 288.25 at the close. Meanwhile, Bharti Airtel Ltd. (NS:BRTI) added 1.46% or 5.05 points to end at 349.40 and Tech Mahindra Ltd (NS:TEML) was up 0.71% or 5.65 points to 805.35 in late trade.

The worst performers of the session were Indiabulls Housing Finance Ltd (NS:INBF), which fell 9.07% or 72.60 points to trade at 733.95 at the close. Yes Bank Ltd (NS:YESB) declined 6.92% or 17.70 points to end at 238.35 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was down 6.32% or 22.95 points to 340.10.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 0.89% to 349.85, Tata Consultancy Services Ltd. (BO:TCS) which was up 0.88% to settle at 2164.35 and Infosys Ltd (BO:INFY) which gained 0.59% to close at 720.60.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 6.62% to 238.40 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 4.11% to settle at 1691.45 and Reliance Industries Ltd (BO:RELI) which was down 2.76% to 1344.80 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1257 to 329 and 72 ended unchanged; on the Bombay Stock Exchange, 1715 fell and 708 advanced, while 164 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.78% to 24.0500 a new 3-years high.

Gold Futures for June delivery was up 0.43% or 5.45 to $1281.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 2.28% or 1.46 to hit $65.53 a barrel, while the June Brent oil contract rose 2.45% or 1.76 to trade at $73.73 a barrel.

USD/INR was up 0.33% to 69.620, while EUR/INR rose 0.39% to 78.3385.

The US Dollar Index Futures was down 0.16% at 96.998.

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