India stocks lower at close of trade; Nifty 50 down 0.93%

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At the close in NSE, the Nifty 50 declined 0.93%, while the BSE Sensex 30 index fell 1.09%.

The best performers of the session on the Nifty 50 were Grasim Industries Ltd (NS:GRAS), which rose 5.87% or 58.90 points to trade at 1062.90 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 4.00% or 22.65 points to end at 589.60 and Cipla Ltd. (NS:CIPL) was up 3.80% or 30.70 points to 839.00 in late trade.

The worst performers of the session were Reliance Industries Ltd (NS:RELI), which fell 5.58% or 114.45 points to trade at 1935.15 at the close. IndusInd Bank Ltd. (NS:INBK) declined 5.52% or 49.30 points to end at 844.00 and HCL Technologies Ltd (NS:HCLT) was down 3.83% or 37.80 points to 948.00.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 2.19% to 658.60, Bajaj Auto Ltd (BO:BAJA) which was up 1.82% to settle at 4168.50 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 1.55% to close at 583.95.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 5.55% to 843.80 in late trade, Reliance Industries Ltd (BO:RELI) which lost 5.36% to settle at 1939.70 and HCL Technologies Ltd (BO:HCLT) which was down 3.86% to 947.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1249 to 423 and 44 ended unchanged; on the Bombay Stock Exchange, 1939 fell and 896 advanced, while 145 ended unchanged.

Shares in Grasim Industries Ltd (NS:GRAS) rose to 52-week highs; rising 5.87% or 58.90 to 1062.90. Shares in Bajaj Auto Ltd (BO:BAJA) rose to all time highs; gaining 1.82% or 74.40 to 4168.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.67% to 23.2450.

Gold Futures for February delivery was up 0.11% or 2.00 to $1858.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.80% or 0.42 to hit $52.69 a barrel, while the April Brent oil contract rose 0.67% or 0.37 to trade at $55.62 a barrel.

USD/INR was down 0.04% to 72.953, while EUR/INR fell 0.16% to 88.6525.

The US Dollar Index Futures was up 0.06% at 90.267.