India stocks lower at close of trade; Nifty 50 down 0.40%

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At the close in NSE, the Nifty 50 declined 0.40%, while the BSE Sensex 30 index lost 0.33%.

The best performers of the session on the Nifty 50 were HCL Technologies Ltd (NS:HCLT), which rose 3.08% or 37.75 points to trade at 1265.20 at the close. Meanwhile, Tech Mahindra Ltd (NS:TEML) added 2.38% or 40.00 points to end at 1723.80 and SBI Life Insurance Company Ltd (NS:SBIL) was up 2.00% or 22.55 points to 1148.00 in late trade.

The worst performers of the session were Grasim Industries Ltd (NS:GRAS), which fell 2.93% or 48.70 points to trade at 1610.90 at the close. NTPC Ltd (NS:NTPC) declined 2.65% or 3.30 points to end at 121.25 and Eicher Motors Ltd. (NS:EICH) was down 1.81% or 44.90 points to 2435.35.

The top performers on the BSE Sensex 30 were HCL Technologies Ltd (BO:HCLT) which rose 3.08% to 1265.10, Tech Mahindra Ltd (BO:TEML) which was up 2.34% to settle at 1723.20 and Asian Paints Ltd. (BO:ASPN) which gained 0.65% to close at 3288.15.

The worst performers were NTPC Ltd (BO:NTPC) which was down 2.69% to 121.25 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 2.47% to settle at 203.25 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.71% to 812.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1159 to 623 and 36 ended unchanged; on the Bombay Stock Exchange, 1697 fell and 1526 advanced, while 100 ended unchanged.

Shares in Tech Mahindra Ltd (NS:TEML) rose to all time highs; gaining 2.38% or 40.00 to 1723.80. Shares in Tech Mahindra Ltd (BO:TEML) rose to all time highs; up 2.34% or 39.45 to 1723.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.04% to 16.1475.

Gold Futures for February delivery was up 0.01% or 0.25 to $1810.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.32% or 0.96 to hit $73.72 a barrel, while the March Brent oil contract fell 0.10% or 0.08 to trade at $76.52 a barrel.

USD/INR was down 0.05% to 74.982, while EUR/INR rose 0.03% to 85.0070.

The US Dollar Index Futures was down 0.02% at 96.035.