India stocks lower at close of trade; Nifty 50 down 2.08%

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

At the close in NSE, the declined 2.08%, while the index fell 1.96%.

The best performers of the session on the were Infosys Ltd (NS:), which fell 0.14% or 1.10 points to trade at 795.90 at the close. Meanwhile, Kotak Mahindra Bank Ltd. (NS:) fell 0.39% or 6.55 points to end at 1679.40 and HDFC Bank Ltd (NS:) was down 0.56% or 6.85 points to 1210.25 in late trade.

The worst performers of the session were JSW Steel Ltd (NS:), which fell 7.35% or 20.70 points to trade at 261.10 at the close. Vedanta Ltd (NS:) declined 6.46% or 9.20 points to end at 133.15 and Tata Steel Ltd (NS:) was down 6.28% or 27.85 points to 415.70.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:) which fell 0.18% to 795.25, Kotak Mahindra Bank Ltd. (BO:) which was down 0.47% to settle at 1678.70 and HDFC Bank Ltd (BO:) which lost 0.60% to close at 1210.00.

The worst performers were Tata Steel Ltd (BO:) which was down 6.39% to 415.35 in late trade, Oil And Natural Gas Corporation Ltd (BO:) which lost 4.72% to settle at 98.00 and Maruti Suzuki India Ltd. (BO:) which was down 4.24% to 6468.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1150 to 386 and 99 ended unchanged; on the Bombay Stock Exchange, 1685 fell and 706 advanced, while 166 ended unchanged.

Shares in Oil And Natural Gas Corporation Ltd (BO:) fell to 5-year lows; losing 4.72% or 4.85 to 98.00.

The , which measures the implied volatility of Nifty 50 options, was up 24.07% to 16.9975.

Gold Futures for April delivery was up 2.21% or 36.45 to $1685.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 3.50% or 1.87 to hit $51.51 a barrel, while the May Brent oil contract fell 3.50% or 2.03 to trade at $55.91 a barrel.

USD/INR was up 0.05% to 71.905, while EUR/INR fell 0.19% to 77.7580.

The US Dollar Index Futures was up 0.37% at 99.558.

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