India stocks lower at close of trade; Nifty 50 down 0.61%

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At the close in NSE, the Nifty 50 declined 0.61%, while the BSE Sensex 30 index declined 0.66%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 1.65% or 5.90 points to trade at 362.90 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 1.45% or 2.40 points to end at 168.00 and Coal India Ltd (NS:COAL) was up 1.37% or 3.25 points to 240.95 in late trade.

The worst performers of the session were Housing Development Finance Corporation Ltd (NS:HDFC), which fell 2.22% or 61.70 points to trade at 2,722.65 at the close. Tata Motors Ltd (NS:TAMO) declined 1.83% or 9.70 points to end at 521.15 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 1.80% or 23.20 points to 1,262.45.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 0.98% to 6,776.00, NTPC Ltd (BO:NTPC) which was up 0.85% to settle at 177.50 and State Bank Of India (BO:SBI) which gained 0.74% to close at 586.20.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 2.21% to 2,722.60 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.82% to settle at 1,262.50 and HDFC Bank Ltd (BO:HDBK) which was down 1.76% to 1,646.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 967 to 945 and 76 ended unchanged; on the Bombay Stock Exchange, 1790 rose and 1618 declined, while 127 ended unchanged.

Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to 52-week highs; rising 1.45% or 2.40 to 168.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.91% to 13.29 a new 1-month high.

Gold Futures for June delivery was down 0.52% or 10.45 to $2,012.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.07% or 0.05 to hit $71.16 a barrel, while the July Brent oil contract rose 0.03% or 0.02 to trade at $75.25 a barrel.

USD/INR was down 0.13% to 82.22, while EUR/INR rose 0.11% to 89.56.

The US Dollar Index Futures was down 0.14% at 102.13.