India stocks lower at close of trade; Nifty 50 down 1.34%

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At the close in NSE, the Nifty 50 fell 1.34% to hit a new 1-month low, while the BSE Sensex 30 index declined 1.26%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 0.18% or 2.75 points to trade at 1,561.00 at the close. Meanwhile, Bajaj Finance Ltd (NS:BJFN) added 0.14% or 10.75 points to end at 7,779.95 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was down 0.12% or 6.85 points to 5,562.45 in late trade.

The worst performers of the session were LTIMindtree Ltd (NS:LTIM), which fell 3.92% or 212.20 points to trade at 5,204.00 at the close. Adani Enterprises Ltd (NS:ADEL) declined 3.84% or 91.95 points to end at 2,301.80 and Hindalco Industries Ltd. (NS:HALC) was down 3.07% or 14.50 points to 457.25.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 0.36% to 7,794.40, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 0.35% to settle at 1,563.65 and ICICI Bank Ltd (BO:ICBK) which lost 0.29% to close at 929.75.

The worst performers were LTIMindtree Ltd (BO:LTIM) which was down 3.97% to 5,202.00 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.52% to settle at 120.00 and Tata Consultancy Services Ltd. (BO:TCS) which was down 2.44% to 3,409.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1953 to 159 and 37 ended unchanged; on the Bombay Stock Exchange, 3090 fell and 611 advanced, while 151 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.81% to 10.90.

Gold Futures for December delivery was down 0.33% or 6.65 to $1,987.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.64% or 0.56 to hit $87.52 a barrel, while the December Brent oil contract fell 0.47% or 0.43 to trade at $91.73 a barrel.

USD/INR was down 0.08% to 83.17, while EUR/INR rose 0.02% to 88.14.

The US Dollar Index Futures was unchanged 0.00% at 105.99.