India stocks lower at close of trade; Nifty 50 down 0.18%
India stocks closed lower on Sunday, with the Nifty 50 index falling 0.18% and the BSE Sensex 30 index dropping 0.04%. The sector losses in Fast Moving Consumer Goods, Healthcare, and Real Estate contributed to the decline. Among the top gainers on the Nifty 50 were Sun Pharmaceutical Industries Ltd., which rose 3.34% to 1,922.10, Tata Steel Ltd., gaining 2.10% to 190.21, and Oil And Natural Gas Corporation Ltd., increasing 1.31% to 234.80.
Conversely, Bharti Airtel Ltd. saw a 0.86% decline, SBI Life Insurance Company Ltd. fell 0.79% and Jio Financial Services Ltd. dropped 0.69%. On the BSE Sensex 30, Sun Pharmaceutical Industries Ltd. led with a 2.96% increase, followed by Tata Steel Ltd. with 1.88% and Tata Motors Passenger Vehicles Ltd. with 1.03%. The worst performers included Mahindra & Mahindra Ltd., IndusInd Bank Ltd. and Infosys Ltd. The India VIX surged to a 3-month high of 18.52, while Gold Futures and Crude oil prices experienced minor declines. The USD/INR and EUR/INR exchange rates also dipped slightly.
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