India stocks lower at close of trade; Nifty 50 down 3.03%

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At the close in NSE, the Nifty 50 lost 3.03%, while the BSE Sensex 30 index declined 3.20%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 4.38% or 168.25 points to trade at 4013.00 at the close. Meanwhile, Bharti Infratel Ltd (NS:BHRI) added 2.89% or 4.60 points to end at 163.90 and Bharti Airtel Ltd. (NS:BRTI) was up 2.18% or 10.70 points to 501.00 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 12.25% or 55.95 points to trade at 400.75 at the close. Bajaj Finance Ltd (NS:BJFN) declined 9.07% or 209.25 points to end at 2099.00 and ICICI Bank Ltd (NS:ICBK) was down 8.72% or 31.50 points to 329.80.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 1.97% to 500.05, Hero MotoCorp Ltd (BO:HROM) which was up 1.44% to settle at 1832.25 and Reliance Industries Ltd (BO:RELI) which gained 0.46% to close at 1250.20.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 12.41% to 400.30 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 9.12% to settle at 2097.00 and ICICI Bank Ltd (BO:ICBK) which was down 8.73% to 329.95 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1136 to 387 and 71 ended unchanged; on the Bombay Stock Exchange, 1599 fell and 696 advanced, while 140 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) rose to 3-years highs; rising 4.38% or 168.25 to 4013.00. Shares in Bajaj Finance Ltd (NS:BJFN) fell to 52-week lows; down 9.07% or 209.25 to 2099.00. Shares in Bajaj Finance Ltd (BO:BJFN) fell to 52-week lows; down 9.12% or 210.40 to 2097.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.01% to 45.1975.

Gold Futures for June delivery was down 1.17% or 20.00 to $1691.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 16.74% or 3.42 to hit $17.01 a barrel, while the June Brent oil contract fell 14.59% or 3.73 to trade at $21.84 a barrel.

USD/INR was up 0.41% to 76.883, while EUR/INR rose 0.17% to 83.3105.

The US Dollar Index Futures was up 0.34% at 100.398.