India stocks lower at close of trade; Nifty 50 down 2.57%

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At the close in NSE, the Nifty 50 declined 2.57%, while the BSE Sensex 30 index declined 2.77%.

The best performers of the session on the Nifty 50 were Bharti Infratel Ltd (NS:BHRI), which rose 4.33% or 8.50 points to trade at 204.65 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 2.62% or 57.40 points to end at 2245.00 and Zee Entertainment Enterprises Ltd. (NS:ZEE) was up 2.12% or 3.50 points to 168.65 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NS:TEML), which fell 5.32% or 29.00 points to trade at 515.75 at the close. Infosys Ltd (NS:INFY) declined 5.18% or 35.95 points to end at 658.20 and Hindalco Industries Ltd. (NS:HALC) was down 4.82% or 5.95 points to 117.60.

The top performers on the BSE Sensex 30 were Hero MotoCorp Ltd (BO:HROM) which rose 2.45% to 2245.00, Maruti Suzuki India Ltd. (BO:MRTI) which was up 1.48% to settle at 5109.70 and UltraTech Cement Ltd (BO:ULTC) which gained 1.05% to close at 3590.00.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 5.26% to 515.75 in late trade, Infosys Ltd (BO:INFY) which lost 5.16% to settle at 658.10 and Housing Development Finance Corporation Ltd (BO:HDFC) which was down 4.69% to 1632.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 903 to 586 and 99 ended unchanged; on the Bombay Stock Exchange, 1276 fell and 927 advanced, while 146 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.68% to 38.1825.

Gold Futures for June delivery was up 0.45% or 7.70 to $1724.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 4.31% or 1.09 to hit $26.38 a barrel, while the July Brent oil contract rose 3.91% or 1.14 to trade at $30.33 a barrel.

USD/INR was up 0.13% to 75.458, while EUR/INR fell 0.04% to 81.4760.

The US Dollar Index Futures was up 0.11% at 100.398.