India shares lower at close of trade; Nifty 50 down 0.91%

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

At the close in NSE, the lost 0.91%, while the index declined 0.93%.

The biggest gainers of the session on the were Adani Ports and Special Economic Zone Ltd (NS:), which rose 1.60% or 18.45 points to trade at 1,172.70 at the close. Oil And Natural Gas Corporation Ltd (NS:) added 0.55% or 1.20 points to end at 217.65 and Sun Pharmaceutical Industries Ltd. (NS:) was up 0.52% or 6.80 points to 1,307.00 in late trade.

Biggest losers included UPL Ltd (NS:), which lost 3.44% or 20.00 points to trade at 561.25 in late trade. SBI Life Insurance Company Ltd (NS:) declined 2.23% or 32.45 points to end at 1,421.70 and State Bank Of India (NS:) shed 2.19% or 14.05 points to 627.90.

The top performers on the BSE Sensex 30 were HCL Technologies Ltd (BO:) which rose 1.02% to 1,447.45, Power Grid Corporation of India Ltd (BO:) which was up 0.46% to settle at 242.40 and Sun Pharmaceutical Industries Ltd. (BO:) which gained 0.44% to close at 1,305.60.

The worst performers were State Bank Of India (BO:) which was down 2.31% to 627.05 in late trade, ITC Ltd (BO:) which lost 1.80% to settle at 465.35 and Nestle India Ltd (BO:) which was down 1.79% to 2,619.20 at the close.

Declining stocks outnumbered rising ones by 1288 to 877 and 39 ended unchanged; on the Bombay Stock Exchange, 1939 fell and 1901 advanced, while 98 ended unchanged on the India National Stock Exchange.

The , which measures the implied volatility of Nifty 50 options, was up 6.59% to 13.46.

In commodities trading, Gold Futures for February delivery was down 0.76% or 15.50 to $2,034.30 a troy ounce. Meanwhile, Crude oil for delivery in February fell 2.37% or 1.75 to hit $72.06 a barrel, while the March Brent oil contract fell 2.23% or 1.76 to trade at $77.00 a barrel.

USD/INR was down 0.06% to 83.14, while EUR/INR rose 0.20% to 90.93.

The US Dollar Index Futures was up 0.06% at 102.19.