India stocks lower at close of trade; Nifty 50 down 0.86%

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At the close in NSE, the Nifty 50 fell 0.86% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.79%.

The best performers of the session on the Nifty 50 were HCL Technologies Ltd (NS:HCLT), which rose 2.89% or 23.20 points to trade at 825.80 at the close. Meanwhile, Tata Consultancy Services Ltd. (NS:TCS) added 2.50% or 61.70 points to end at 2527.00 and Tech Mahindra Ltd (NS:TEML) was up 2.36% or 18.60 points to 805.85 in late trade.

The worst performers of the session were Zee Entertainment Enterprises Ltd. (NS:ZEE), which fell 6.64% or 14.00 points to trade at 196.70 at the close. Bharti Infratel Ltd (NS:BHRI) declined 4.69% or 8.85 points to end at 179.90 and Adani Port and Special Economic Zone Ltd (NS:APSE) was down 4.66% or 16.20 points to 331.65.

The top performers on the BSE Sensex 30 were HCL Technologies Ltd (BO:HCLT) which rose 3.02% to 826.50, Tata Consultancy Services Ltd. (BO:TCS) which was up 2.39% to settle at 2523.55 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 2.21% to close at 514.80.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 3.15% to 6413.85 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.89% to settle at 544.00 and Larsen & Toubro Ltd (BO:LART) which was down 2.82% to 857.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1225 to 386 and 71 ended unchanged; on the Bombay Stock Exchange, 1798 fell and 735 advanced, while 160 ended unchanged.

Shares in HCL Technologies Ltd (NS:HCLT) rose to all time highs; up 2.89% or 23.20 to 825.80. Shares in Tata Consultancy Services Ltd. (NS:TCS) rose to all time highs; rising 2.50% or 61.70 to 2527.00. Shares in HCL Technologies Ltd (BO:HCLT) rose to 52-week highs; gaining 3.02% or 24.20 to 826.50. Shares in Tata Consultancy Services Ltd. (BO:TCS) rose to 3-years highs; rising 2.39% or 58.95 to 2523.55.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.50% to 21.4100.

Gold Futures for December delivery was up 0.08% or 1.60 to $1912.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.01% or 0.40 to hit $39.94 a barrel, while the November Brent oil contract rose 1.21% or 0.50 to trade at $41.94 a barrel.

USD/INR was down 0.17% to 73.448, while EUR/INR fell 0.22% to 86.3925.

The US Dollar Index Futures was down 0.15% at 93.543.