India stocks lower at close of trade; Nifty 50 down 1.81%

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At the close in NSE, the Nifty 50 fell 1.81%, while the BSE Sensex 30 index declined 1.80%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 1.94% or 75.50 points to trade at 3975.05 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 0.92% or 8.85 points to end at 975.20 and Bharti Airtel Ltd. (NS:BRTI) was up 0.27% or 1.60 points to 588.40 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 5.49% or 29.65 points to trade at 510.00 at the close. AXIS Bank Ltd (NS:AXBK) declined 4.90% or 21.55 points to end at 418.50 and Eicher Motors Ltd. (NS:EICH) was down 4.47% or 879.00 points to 18776.00.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 0.93% to 975.00, Bharti Airtel Ltd (BO:BRTI) which was up 0.40% to settle at 589.10 and Bajaj Auto Ltd (BO:BAJA) which gained 0.02% to close at 2899.95.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 5.33% to 510.85 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 5.08% to settle at 418.00 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 3.59% to 5777.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1246 to 382 and 44 ended unchanged; on the Bombay Stock Exchange, 1754 fell and 784 advanced, while 108 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.48% to 26.6375.

Gold Futures for August delivery was down 0.99% or 17.90 to $1796.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.92% or 0.37 to hit $39.73 a barrel, while the September Brent oil contract fell 0.73% or 0.31 to trade at $42.41 a barrel.

USD/INR was up 0.27% to 75.393, while EUR/INR rose 0.53% to 85.7185.

The US Dollar Index Futures was up 0.02% at 96.430.