India stocks lower at close of trade; Nifty 50 down 1.03%

By Ritu,

Capital Sands

India stocks were lower after the close on Monday, as losses in the BankingOil & Gas and Carbon sectors led shares lower.

At the close in NSE, the Nifty 50 fell 1.03%, while the BSE Sensex 30 index lost 0.99%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd , which rose 3.82% or 7.55 points to trade at 204.95 at the close. Meanwhile, Bharti Infratel Ltd added 2.70% or 5.90 points to end at 224.15 and GAIL Ltd  was up 1.78% or 2.25 points to 128.60 in late trade.

The worst performers of the session were Kotak Mahindra Bank Ltd. , which fell 4.66% or 79.10 points to trade at 1619.00 at the close. Indian Oil Corporation Ltd declined 3.71% or 4.55 points to end at 118.10 and Zee Entertainment Enterprises Ltd. was down 3.48% or 9.80 points to 271.90.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd  which rose 3.75% to 204.80, Bharti Airtel Ltd  which was up 1.85% to settle at 509.25 and ITC Ltd  which gained 0.85% to close at 241.90.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1040 to 510 and 93 ended unchanged; on the Bombay Stock Exchange, 1515 fell and 893 advanced, while 170 ended unchanged.

Shares in Bharti Airtel Ltd rose to 5-year highs; rising 1.85% or 9.25 to 509.25.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.08% to 15.4100.