India stocks lower at close of trade; Nifty 50 down 0.74%

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At the close in NSE, the Nifty 50 fell 0.74%, while the BSE Sensex 30 index lost 0.84%.

The best performers of the session on the Nifty 50 were Adani Ports and Special Economic Zone Ltd (NS:APSE), which rose 3.45% or 20.80 points to trade at 622.90 at the close. Meanwhile, Adani Enterprises Ltd (NS:ADEL) added 2.75% or 42.95 points to end at 1,607.25 and Coal India Ltd (NS:COAL) was up 1.87% or 4.10 points to 222.85 in late trade.

The worst performers of the session were Maruti Suzuki India Ltd. (NS:MRTI), which fell 2.46% or 215.40 points to trade at 8,548.75 at the close. AXIS Bank Ltd (NS:AXBK) declined 2.28% or 19.70 points to end at 845.45 and Tata Consultancy Services Ltd. (NS:TCS) was down 1.90% or 64.25 points to 3,321.45.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 0.99% to 4,390.00, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 0.66% to settle at 965.20 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.62% to close at 220.20.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.42% to 8,551.10 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 2.29% to settle at 845.40 and Tata Consultancy Services Ltd. (BO:TCS) which was down 1.91% to 3,321.15 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1089 to 825 and 60 ended unchanged; on the Bombay Stock Exchange, 1798 fell and 1541 advanced, while 138 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.19% to 12.97.

Gold Futures for April delivery was down 0.39% or 7.25 to $1,838.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.79% or 0.61 to hit $78.30 a barrel, while the May Brent oil contract rose 0.71% or 0.60 to trade at $84.91 a barrel.

USD/INR was up 0.19% to 82.59, while EUR/INR fell 0.24% to 87.71.

The US Dollar Index Futures was up 0.34% at 104.79.