India stocks lower at close of trade; Nifty 50 down 0.97%

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At the close in NSE, the Nifty 50 declined 0.97%, while the BSE Sensex 30 index fell 0.94%.

The best performers of the session on the Nifty 50 were NTPC Ltd (NS:NTPC), which rose 1.59% or 2.30 points to trade at 147.10 at the close. Meanwhile, Shree Cements Ltd. (NS:SHCM) added 0.54% or 107.95 points to end at 19,962.10 and Adani Ports and Special Economic Zone Ltd (NS:APSE) was up 0.37% or 2.70 points to 731.90 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 3.05% or 92.80 points to trade at 2,954.05 at the close. Hindalco Industries Ltd. (NS:HALC) declined 2.61% or 9.30 points to end at 346.90 and Infosys Ltd (NS:INFY) was down 2.35% or 34.55 points to 1,438.60.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 1.87% to 147.05, Bharti Airtel Ltd (BO:BRTI) which was up 0.33% to settle at 662.45 and Bajaj Finance Ltd (BO:BJFN) which gained 0.21% to close at 5,873.45.

The worst performers were Infosys Ltd (BO:INFY) which was down 2.33% to 1,438.50 in late trade, Nestle India Ltd (BO:NEST) which lost 1.87% to settle at 18,132.60 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.66% to 213.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1049 to 757 and 72 ended unchanged; on the Bombay Stock Exchange, 1738 fell and 1437 advanced, while 167 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.98% to 18.55.

Gold Futures for August delivery was down 0.07% or 1.25 to $1,730.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.85% or 2.97 to hit $101.12 a barrel, while the September Brent oil contract fell 2.61% or 2.79 to trade at $104.31 a barrel.

USD/INR was up 0.10% to 79.57, while EUR/INR fell 0.03% to 79.70.

The US Dollar Index Futures was up 0.38% at 108.24.