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India stocks lower at close of trade; Nifty 50 down 1.58%

Published 09/24/2018, 06:45 AM
© Reuters.  India stocks lower at close of trade; Nifty 50 down 1.58%
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Investing.com – India stocks were lower after the close on Monday, as losses in the Real Estate, Auto and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 fell 1.58% to hit a new 1-month low, while the BSE Sensex 30 index lost 1.46%.

The best performers of the session on the Nifty 50 were Tata Consultancy Services Ltd. (NS:TCS), which rose 4.53% or 95.30 points to trade at 2198.45 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 2.14% or 5.90 points to end at 281.15 and Infosys Ltd (NS:INFY) was up 1.84% or 12.95 points to 718.25 in late trade.

The worst performers of the session were Indiabulls Housing Finance Ltd (NS:INBF), which fell 7.55% or 80.20 points to trade at 981.95 at the close. Eicher Motors Ltd. (NS:EICH) declined 6.94% or 1940.20 points to end at 25852.80 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 6.65% or 63.85 points to 896.05.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 4.51% to 2198.70, Coal India Ltd (BO:COAL) which was up 2.10% to settle at 281.45 and Infosys Ltd (BO:INFY) which gained 1.56% to close at 717.30.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 6.46% to 895.40 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 6.22% to settle at 1721.05 and IndusInd Bank Ltd. (BO:INBK) which was down 4.94% to 1674.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1412 to 228 and 43 ended unchanged; on the Bombay Stock Exchange, 2058 fell and 499 advanced, while 148 ended unchanged.

Shares in Tata Consultancy Services Ltd. (NS:TCS) rose to all time highs; rising 4.53% or 95.30 to 2198.45. Shares in Indiabulls Housing Finance Ltd (NS:INBF) fell to 52-week lows; losing 7.55% or 80.20 to 981.95. Shares in Eicher Motors Ltd. (NS:EICH) fell to 52-week lows; losing 6.94% or 1940.20 to 25852.80. Shares in Tata Consultancy Services Ltd. (BO:TCS) rose to 52-week highs; rising 4.51% or 94.90 to 2198.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 12.18% to 17.4275 a new 6-months high.

Gold Futures for December delivery was up 0.19% or 2.30 to $1203.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.68% or 1.19 to hit $71.97 a barrel, while the December Brent oil contract rose 2.24% or 1.75 to trade at $79.99 a barrel.

USD/INR was up 0.54% to 72.605, while EUR/INR rose 0.61% to 85.4125.

The US Dollar Index Futures was down 0.11% at 93.69.

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