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India shares lower at close of trade; Nifty 50 down 1.49%

Published 13/03/2023, 09:45 pm
© Reuters India shares lower at close of trade; Nifty 50 down 1.49%

Investing.com – India equities were lower at the close on Monday, as losses in the Banking, Auto and Real Estate sectors propelled shares lower.

At the close in NSE, the Nifty 50 lost 1.49% to hit a new 3-month low, while the BSE Sensex 30 index declined 1.52%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 6.84% or 72.55 points to trade at 1,133.80 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) added 0.64% or 27.75 points to end at 4,345.00 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was unchanged 0.00% or 0.00 points to 155.80 in late trade.

Biggest losers included IndusInd Bank Ltd. (NS:INBK), which lost 7.40% or 84.70 points to trade at 1,060.10 in late trade. State Bank Of India (NS:SBI) declined 3.17% or 17.35 points to end at 530.00 and Tata Motors Ltd (NS:TAMO) shed 3.09% or 13.45 points to 422.40.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 6.83% to 1,133.60, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 0.16% to settle at 954.20 and Power Grid Corporation of India Ltd (BO:PGRD) which lost 0.20% to close at 226.10.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 7.46% to 1,060.00 in late trade, State Bank Of India (BO:SBI) which lost 3.21% to settle at 529.70 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.57% to 1,195.15 at the close.

Declining stocks outnumbered rising ones by 1720 to 251 and 37 ended unchanged; on the Bombay Stock Exchange, 2735 fell and 744 advanced, while 147 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 20.89% to 16.22 a new 1-month high.

In commodities trading, Gold Futures for April delivery was up 1.08% or 20.25 to $1,887.45 a troy ounce. Meanwhile, Crude oil for delivery in April fell 1.83% or 1.40 to hit $75.28 a barrel, while the May Brent oil contract fell 1.68% or 1.39 to trade at $81.39 a barrel.

USD/INR was up 0.29% to 82.20, while EUR/INR rose 0.59% to 87.74.

The US Dollar Index Futures was down 0.32% at 103.82.

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