India stocks lower at close of trade; Nifty 50 down 0.42%

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At the close in NSE, the Nifty 50 lost 0.42%, while the BSE Sensex 30 index lost 0.39%.

The best performers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 3.07% or 55.95 points to trade at 1880.20 at the close. Meanwhile, Hindustan Unilever Ltd. (NS:HLL) added 2.49% or 54.25 points to end at 2230.10 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 2.29% or 11.05 points to 493.00 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 3.16% or 14.35 points to trade at 439.40 at the close. GAIL Ltd (NS:GAIL) declined 2.94% or 3.10 points to end at 102.45 and IndusInd Bank Ltd. (NS:INBK) was down 2.93% or 16.30 points to 540.25.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 2.95% to 1878.50, Hindustan Unilever Ltd. (BO:HLL) which was up 2.42% to settle at 2228.00 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 2.36% to close at 493.45.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 3.13% to 539.15 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 3.10% to settle at 439.70 and Titan Company Ltd (BO:TITN) which was down 3.01% to 961.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1087 to 516 and 58 ended unchanged; on the Bombay Stock Exchange, 1584 fell and 929 advanced, while 150 ended unchanged.

Shares in Reliance Industries Ltd (NS:RELI) rose to all time highs; rising 3.07% or 55.95 to 1880.20. Shares in Reliance Industries Ltd (BO:RELI) rose to all time highs; gaining 2.95% or 53.90 to 1878.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.12% to 24.9425 a new 3-months low.

Gold Futures for August delivery was up 0.59% or 10.65 to $1814.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.09% or 0.83 to hit $38.79 a barrel, while the September Brent oil contract fell 1.79% or 0.76 to trade at $41.59 a barrel.

USD/INR was up 0.13% to 75.241, while EUR/INR rose 0.25% to 84.9960.

The US Dollar Index Futures was down 0.03% at 96.642.