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India stocks lower at close of trade; Nifty 50 down 2.66% -Breaking

by Mike Robinson

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India stocks are lower as of close to trade. Nifty50 is at 2.66%

Investing.com – India stocks were lower after the close on Monday, as losses in the , and sectors led shares lower.

The index fell 2.66% at the NSE close.

These were the best performers of the session Cipla Ltd. (NS), rose 2.4% or 24.65 to close at 892.10. Oil And Natural Gas Corporation Ltd. (NS:), which gained 0.82%, or 1.35 points, to close at 165.00 IndusInd Bank Late trade saw a drop in Ltd. (NS) of 0.33% to 851.25, or 2.85 points.

These were the worst performers of the session. JSW Steel Ltd (NS): fell 6.67%, or 44.45 point to trade at 621.80 by the close. Tata Steel Ltd (NS.) dropped 6.03% or 70.50 to close at 1099.20 Bajaj Finance Ltd (NS: ) dropped 5.99% to 6931.75, or 442.00 Points.

IndusInd Bank Ltd., which declined 0.48% to 849.85; Power Grid Corporation of India Ltd. was down 0.49% and settled at 213.90. Bharti Airtel Ltd. lost 0.78%.

Tata Steel Ltd.(BO:), which fell 5.98%, to 1099.15 late trade, Bajaj Finance Ltd. [BO:] which dropped 5.97%, to settle at 69332.75, and Wipro Ltd. (“BO:”) which declined 5.35% to close at 572.85.

On the India National Stock Exchange in 1750, falling stocks outnumbered those that were advancing by 121 to 121, and 18 ended unchanged.

The implied volatility index of Nifty 50 options was at 22.8250, a 6-month high. It rose 20.85% from 22.8250.

The February delivery of Gold Futures was higher by 0.35%, or 6.35 to $1838.15 per troy ounce. In commodities trading, crude oil delivery for March dropped 0.23 percent or 0.20, to $84.94 per barrel. The April Brent oil contract traded at $86.98 per barrel.

USD/INR rose 0.26% to 74.613 while EUR/INR dropped 0.01% at 84.3415.

The US Dollar Index Futures were up 0.3% at 95.968.

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