India stocks lower at close of trade; Nifty 50 down 0.88%

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At the close in NSE, the Nifty 50 fell 0.88%, while the BSE Sensex 30 index lost 0.89%.

The best performers of the session on the Nifty 50 were Bajaj Finserv Ltd (NS:BJFS), which rose 5.50% or 693.45 points to trade at 13,313.00 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 2.09% or 12.25 points to end at 597.75 and Grasim Industries Ltd (NS:GRAS) was up 1.09% or 16.35 points to 1,514.85 in late trade.

The worst performers of the session were Infosys Ltd (NS:INFY), which fell 3.49% or 52.45 points to trade at 1,451.15 at the close. Hindustan Unilever Ltd. (NS:HLL) declined 2.92% or 76.50 points to end at 2,547.10 and AXIS Bank Ltd (NS:AXBK) was down 2.87% or 20.90 points to 706.45.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO:BJFS) which rose 5.58% to 13,314.75, Bharti Airtel Ltd (BO:BRTI) which was up 0.83% to settle at 683.80 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.53% to close at 209.05.

The worst performers were Infosys Ltd (BO:INFY) which was down 3.40% to 1,451.80 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 3.00% to settle at 706.35 and Hindustan Unilever Ltd. (BO:HLL) which was down 2.84% to 2,546.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1349 to 482 and 45 ended unchanged; on the Bombay Stock Exchange, 2083 fell and 1119 advanced, while 134 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.77% to 18.17.

Gold Futures for August delivery was down 0.15% or 2.60 to $1,716.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.71% or 1.65 to hit $98.35 a barrel, while the October Brent oil contract rose 1.66% or 1.66 to trade at $101.85 a barrel.

USD/INR was up 0.07% to 79.77, while EUR/INR fell 0.63% to 80.93.

The US Dollar Index Futures was up 0.52% at 106.91.