India stocks lower at close of trade; Nifty 50 down 0.87%

Investing.com – India stocks were lower after the close on Monday, as losses in the Public Sector Undertakings , Power and Oil & Gas sectors led shares lower.

At the close in NSE, the Nifty 50 fell 0.87% to hit a new 1-month low, while the BSE Sensex 30 index fell 0.78%.

The best performers of the session on the Nifty 50 were LTIMindtree Ltd (NS:LTIM ), which rose 2.30% or 140.85 points to trade at 6,254.95 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM ) added 1.42% or 42.75 points to end at 3,060.20 and ITC Ltd (NS:ITC ) was up 1.32% or 6.65 points to 510.20 in late trade.

The worst performers of the session were Adani Ports and Special Economic Zone Ltd (NS:APSE ), which fell 4.14% or 58.50 points to trade at 1,355.20 at the close. NTPC Ltd (NS:NTPC ) declined 3.48% or 15.00 points to end at 415.45 and Coal India Ltd (NS:COAL ) was down 3.37% or 16.75 points to 480.45.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC ) which rose 1.33% to 510.15, Bharti Airtel Ltd (BO:BRTI ) which was up 1.31% to settle at 1,662.25 and Mahindra & Mahindra Ltd. (BO:MAHM ) which gained 1.12% to close at 3,050.70.

The worst performers were NTPC Ltd (BO:NTPC ) which was down 2.99% to 417.30 in late trade, State Bank Of India (BO:SBI ) which lost 2.96% to settle at 773.05 and Power Grid Corporation of India Ltd (BO:PGRD ) which was down 2.89% to 329.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 2331 to 212 and 81 ended unchanged; on the Bombay Stock Exchange, 3282 fell and 597 advanced, while 118 ended unchanged.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 6.09% to 14.99.

Gold Futures for December delivery was up 0.39% or 10.30 to $2,678.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.68% or 1.99 to hit $76.37 a barrel, while the December Brent oil contract rose 2.32% or 1.81 to trade at $79.86 a barrel.

USD/INR was down 0.06% to 83.98, while EUR/INR fell 0.14% to 92.09.

The US Dollar Index Futures was up 0.05% at 102.33.

Source: Investing.com