India stocks lower at close of trade; Nifty 50 down 1.06% By

© Reuters. India stocks lower at close of trade; Nifty 50 down 1.06% – 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 1.06%, while the index lost 1.10%.

The best performers of the session on the were Dr. Reddy’s Laboratories Ltd (NS:), which rose 5.56% or 168.60 points to trade at 3200.00 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:) added 1.87% or 10.60 points to end at 578.35 and Cipla Ltd. (NS:) was up 1.17% or 5.35 points to 464.20 in late trade.

The worst performers of the session were Vedanta Ltd (NS:), which fell 4.84% or 7.55 points to trade at 148.35 at the close. Tata Steel Ltd (NS:) declined 4.73% or 22.85 points to end at 460.55 and JSW Steel Ltd (NS:) was down 4.25% or 11.55 points to 260.35.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:) which rose 1.85% to 578.30, UltraTech Cement Ltd (BO:) which was up 1.05% to settle at 4690.00 and Tech Mahindra Ltd (BO:) which gained 0.50% to close at 791.30.

The worst performers were Tata Steel Ltd (BO:) which was down 4.31% to 462.40 in late trade, IndusInd Bank Ltd. (BO:) which lost 3.37% to settle at 1271.60 and HDFC Bank Ltd (BO:) which was down 2.51% to 1212.90 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 950 to 586 and 105 ended unchanged; on the Bombay Stock Exchange, 1411 fell and 1011 advanced, while 150 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd (NS:) rose to 3-years highs; gaining 5.56% or 168.60 to 3200.00.

The , which measures the implied volatility of Nifty 50 options, was up 10.38% to 17.1750 a new 3-months high.

Gold Futures for February delivery was up 0.78% or 12.25 to $1584.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 3.34% or 1.81 to hit $52.38 a barrel, while the April Brent oil contract fell 3.24% or 1.94 to trade at $57.95 a barrel.

USD/INR was up 0.21% to 71.470, while EUR/INR rose 0.24% to 78.8055.

The US Dollar Index Futures was up 0.02% at 97.672.

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