India stocks lower at close of trade; Nifty 50 down 3.43%

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At the close in NSE, the Nifty 50 lost 3.43% to hit a new 1-month low, while the BSE Sensex 30 index fell 3.44%.

The best performers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL), which rose 5.51% or 31.45 points to trade at 601.75 at the close. Meanwhile, Tata Consultancy Services Ltd. (NS:TCS) added 2.49% or 47.15 points to end at 1940.05 and Bharti Infratel Ltd (NS:BHRI) was up 2.32% or 4.70 points to 207.20 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 9.64% or 40.35 points to trade at 378.35 at the close. Zee Entertainment Enterprises Ltd. (NS:ZEE) declined 9.50% or 15.60 points to end at 148.60 and Eicher Motors Ltd. (NS:EICH) was down 7.88% or 1110.85 points to 12988.75.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 2.46% to 1939.85, Infosys Ltd (BO:INFY) which was up 1.17% to settle at 659.90 and HCL Technologies Ltd (BO:HCLT) which gained 0.09% to close at 511.70.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 10.02% to 376.85 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 7.55% to settle at 359.30 and ICICI Bank Ltd (BO:ICBK) which was down 7.44% to 298.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1245 to 277 and 89 ended unchanged; on the Bombay Stock Exchange, 1656 fell and 539 advanced, while 152 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.62% to 40.9150.

Gold Futures for June delivery was up 0.83% or 14.50 to $1770.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 7.72% or 2.28 to hit $31.80 a barrel, while the July Brent oil contract rose 5.94% or 1.93 to trade at $34.43 a barrel.

USD/INR was up 0.28% to 76.029, while EUR/INR rose 0.27% to 82.2295.

The US Dollar Index Futures was down 0.05% at 100.382.