India stocks lower at close of trade; Nifty 50 down 0.26%

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At the close in NSE, the Nifty 50 declined 0.26% to hit a new 3-months low, while the BSE Sensex 30 index declined 0.24%.

The best performers of the session on the Nifty 50 were Divi’s Laboratories Ltd. (NS:DIVI), which rose 1.46% or 42.00 points to trade at 2,915.20 at the close. Meanwhile, Asian Paints Ltd. (NS:ASPN) added 1.31% or 35.45 points to end at 2,741.40 and Adani Ports and Special Economic Zone Ltd (NS:APSE) was up 1.28% or 7.05 points to 558.90 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 4.86% or 21.20 points to trade at 415.25 at the close. Adani Enterprises Ltd (NS:ADEL) declined 4.85% or 67.00 points to end at 1,315.65 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 2.55% or 33.50 points to 1,280.45.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 1.20% to 2,738.70, Bajaj Finserv Ltd (BO:BJFS) which was up 0.84% to settle at 1,358.90 and NTPC Ltd (BO:NTPC) which gained 0.83% to close at 171.00.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.39% to 1,282.05 in late trade, Tata Steel Ltd (BO:TISC) which lost 1.88% to settle at 109.80 and Larsen & Toubro Ltd (BO:LART) which was down 1.20% to 2,133.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1112 to 804 and 59 ended unchanged; on the Bombay Stock Exchange, 1873 fell and 1451 advanced, while 164 ended unchanged.

Shares in Adani Enterprises Ltd (NS:ADEL) fell to 52-week lows; down 4.85% or 67.00 to 1,315.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.90% to 14.19.

Gold Futures for April delivery was up 0.16% or 2.95 to $1,829.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.03% or 0.78 to hit $76.17 a barrel, while the April Brent oil contract rose 1.06% or 0.87 to trade at $83.08 a barrel.

USD/INR was up 0.16% to 82.73, while EUR/INR rose 0.15% to 87.63.

The US Dollar Index Futures was up 0.08% at 104.63.