India stocks lower at close of trade; Nifty 50 down 0.68%

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

At the close in NSE, the Nifty 50 fell 0.68%, while the BSE Sensex 30 index declined 0.86%.

The best performers of the session on the Nifty 50 were Nestle India Ltd (NS:NEST), which rose 4.03% or 784.65 points to trade at 20,250.00 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 2.16% or 5.00 points to end at 236.20 and State Bank Of India (NS:SBI) was up 2.11% or 11.25 points to 544.20 in late trade.

The worst performers of the session were Infosys Ltd (NS:INFY), which fell 9.30% or 129.20 points to trade at 1,260.00 at the close. Tech Mahindra Ltd (NS:TEML) declined 5.18% or 56.35 points to end at 1,030.50 and HCL Technologies Ltd (NS:HCLT) was down 2.78% or 29.85 points to 1,042.00.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 4.03% to 20,259.50, Power Grid Corporation of India Ltd (BO:PGRD) which was up 2.29% to settle at 236.45 and State Bank Of India (BO:SBI) which gained 2.04% to close at 544.00.

The worst performers were Infosys Ltd (BO:INFY) which was down 9.40% to 1,258.10 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 5.25% to settle at 1,029.75 and HCL Technologies Ltd (BO:HCLT) which was down 2.72% to 1,042.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 986 to 959 and 61 ended unchanged; on the Bombay Stock Exchange, 1783 rose and 1676 declined, while 179 ended unchanged.

Shares in Infosys Ltd (NS:INFY) fell to 52-week lows; losing 9.30% or 129.20 to 1,260.00. Shares in Infosys Ltd (BO:INFY) fell to 52-week lows; falling 9.40% or 130.50 to 1,258.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.00% to 12.27.

Gold Futures for June delivery was up 0.28% or 5.60 to $2,021.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.45% or 0.37 to hit $82.06 a barrel, while the June Brent oil contract fell 0.45% or 0.39 to trade at $85.92 a barrel.

USD/INR was up 0.20% to 82.01, while EUR/INR rose 0.07% to 90.06.

The US Dollar Index Futures was up 0.13% at 101.38.