India stocks lower at close of trade; Nifty 50 down 1.50%

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At the close in NSE, the Nifty 50 lost 1.50%, while the BSE Sensex 30 index declined 1.50%.

The best performers of the session on the Nifty 50 were Bajaj Auto Ltd (NS:BAJA), which rose 10.43% or 386.20 points to trade at 4089.50 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 3.93% or 127.60 points to end at 3374.90 and Hindustan Unilever Ltd. (NS:HLL) was up 1.76% or 41.70 points to 2409.35 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 4.64% or 31.35 points to trade at 644.50 at the close. JSW Steel Ltd (NS:JSTL) declined 4.55% or 17.90 points to end at 375.40 and Asian Paints Ltd. (NS:ASPN) was down 4.41% or 119.70 points to 2596.65.

The top performers on the BSE Sensex 30 were Bajaj Auto Ltd (BO:BAJA) which rose 10.45% to 4094.10, Hindustan Unilever Ltd. (BO:HLL) which was up 1.51% to settle at 2402.90 and UltraTech Cement Ltd (BO:ULTC) which gained 0.88% to close at 5592.00.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 4.63% to 644.50 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 4.22% to settle at 2600.00 and State Bank Of India (BO:SBI) which was down 3.80% to 283.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1232 to 424 and 52 ended unchanged; on the Bombay Stock Exchange, 1907 fell and 937 advanced, while 126 ended unchanged.

Shares in Bajaj Auto Ltd (NS:BAJA) rose to all time highs; rising 10.43% or 386.20 to 4089.50. Shares in Hero MotoCorp Ltd (NS:HROM) rose to 52-week highs; rising 3.93% or 127.60 to 3374.90. Shares in Bajaj Auto Ltd (BO:BAJA) rose to all time highs; gaining 10.45% or 387.50 to 4094.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.09% to 22.4225.

Gold Futures for February delivery was down 0.83% or 15.40 to $1850.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 2.58% or 1.37 to hit $51.76 a barrel, while the March Brent oil contract fell 2.30% or 1.29 to trade at $54.81 a barrel.

USD/INR was down 0.01% to 72.954, while EUR/INR rose 0.07% to 88.7935.

The US Dollar Index Futures was up 0.07% at 90.190.