India stocks lower at close of trade; Nifty 50 down 1.29%

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At the close in NSE, the Nifty 50 fell 1.29%, while the BSE Sensex 30 index lost 1.31%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 2.59% or 4.80 points to trade at 190.20 at the close. Meanwhile, ITC Ltd (NS:ITC) added 2.17% or 4.00 points to end at 188.05 and NTPC Ltd (NS:NTPC) was up 1.70% or 1.50 points to 89.80 in late trade.

The worst performers of the session were State Bank Of India (NS:SBI), which fell 4.96% or 12.50 points to trade at 239.50 at the close. Coal India Ltd (NS:COAL) declined 4.76% or 6.10 points to end at 122.15 and ICICI Bank Ltd (NS:ICBK) was down 4.19% or 20.85 points to 476.80.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.78% to 190.50, ITC Ltd (BO:ITC) which was up 2.15% to settle at 188.00 and NTPC Ltd (BO:NTPC) which gained 1.64% to close at 89.75.

The worst performers were State Bank Of India (BO:SBI) which was down 4.88% to 239.75 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 4.11% to settle at 477.00 and AXIS Bank Ltd. (BO:AXBK) which was down 3.93% to 611.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 864 to 741 and 101 ended unchanged; on the Bombay Stock Exchange, 1380 fell and 1286 advanced, while 173 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.35% to 19.5700.

Gold Futures for December delivery was down 0.98% or 18.45 to $1855.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.59% or 0.67 to hit $41.34 a barrel, while the January Brent oil contract fell 1.04% or 0.46 to trade at $43.88 a barrel.

USD/INR was up 0.22% to 74.276, while EUR/INR rose 0.00% to 87.8390.

The US Dollar Index Futures was up 0.39% at 92.668.