India stocks lower at close of trade; Nifty 50 down 0.62%

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 0.62% to hit a new 3-months low, while the index declined 0.40%.

The best performers of the session on the were Eicher Motors Ltd. (NS:), which rose 2.48% or 411.05 points to trade at 17013.40 at the close. Meanwhile, HCL Technologies Ltd (NS:) added 2.48% or 13.25 points to end at 547.60 and Nestle India Ltd (NS:) was up 2.23% or 351.35 points to 16130.20 in late trade.

The worst performers of the session were Yes Bank Ltd (NS:), which fell 8.82% or 3.05 points to trade at 31.55 at the close. State Bank Of India (NS:) declined 5.08% or 15.40 points to end at 287.60 and Tata Steel Ltd (NS:) was down 4.64% or 17.70 points to 364.05.

The top performers on the BSE Sensex 30 were HCL Technologies Ltd (BO:) which rose 2.36% to 546.70, Nestle India Ltd (BO:) which was up 2.28% to settle at 16130.70 and ICICI Bank Ltd (BO:) which gained 1.93% to close at 505.60.

The worst performers were State Bank Of India (BO:) which was down 5.10% to 287.45 in late trade, Tata Steel Ltd (BO:) which lost 4.55% to settle at 364.20 and Hero MotoCorp Ltd (BO:) which was down 3.62% to 1974.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 993 to 543 and 113 ended unchanged; on the Bombay Stock Exchange, 1440 fell and 892 advanced, while 144 ended unchanged.

Shares in Yes Bank Ltd (NS:) fell to 5-year lows; down 8.82% or 3.05 to 31.55. Shares in Hero MotoCorp Ltd (BO:) fell to 5-year lows; down 3.62% or 74.10 to 1974.00.

The , which measures the implied volatility of Nifty 50 options, was up 8.47% to 25.2025 a new 6-months high.

Gold Futures for April delivery was up 2.79% or 43.65 to $1610.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.54% or 0.69 to hit $45.45 a barrel, while the May Brent oil contract rose 1.81% or 0.90 to trade at $50.57 a barrel.

USD/INR was down 0.12% to 72.445, while EUR/INR rose 0.67% to 80.3305.

The US Dollar Index Futures was down 0.40% at 97.692.

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