India stocks lower at close of trade; Nifty 50 down 0.91%

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At the close in NSE, the Nifty 50 fell 0.91%, while the BSE Sensex 30 index declined 0.85%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 2.56% or 13.85 points to trade at 554.90 at the close. Meanwhile, Dr. Reddy’s Laboratories Ltd (NS:REDY) added 2.36% or 109.05 points to end at 4726.00 and IndusInd Bank Ltd. (NS:INBK) was up 2.27% or 23.75 points to 1069.80 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 5.06% or 5.60 points to trade at 105.10 at the close. Tata Steel Ltd (NS:TISC) declined 4.06% or 28.35 points to end at 669.40 and Hero MotoCorp Ltd (NS:HROM) was down 3.75% or 132.10 points to 3390.75.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 2.15% to 1069.00, Hindustan Unilever Ltd. (BO:HLL) which was up 1.69% to settle at 2184.00 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 1.46% to close at 4685.15.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 5.06% to 105.10 in late trade, State Bank Of India (BO:SBI) which lost 3.77% to settle at 399.35 and AXIS Bank Ltd. (BO:AXBK) which was down 3.48% to 750.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1027 to 623 and 55 ended unchanged; on the Bombay Stock Exchange, 1677 fell and 1156 advanced, while 171 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.28% to 22.2500.

Gold Futures for April delivery was down 0.21% or 3.65 to $1771.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 2.02% or 1.22 to hit $59.30 a barrel, while the April Brent oil contract fell 1.55% or 0.99 to trade at $62.94 a barrel.

USD/INR was down 0.14% to 72.478, while EUR/INR rose 0.29% to 87.9915.

The US Dollar Index Futures was down 0.38% at 90.257.